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Damaged or defective products are replaced at no charge under the Company’s standard warranty. A cash refund is allowed under specific circumstances for undamaged and non-defective returned products. 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(“electroCore” or the “Company”) is</span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: 0.55pt; line-height: inherit;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">medical device company,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.05pt; line-height: inherit;">engaged</span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: 0.55pt; line-height: inherit;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: 0.55pt; line-height: inherit;"> the commercialization and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">development of a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: 1.35pt; line-height: inherit;"> <span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">platform </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">non-invasive</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.2pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">Vagus</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.25pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">Nerve</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.2pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">Stimulation (“</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">nVNS”)</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.2pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">therapy that can be self-administered by patients.</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.2pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">electroCore</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.5pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">was</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.5pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">founded</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.5pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">in 2005</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.15pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">and</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.15pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> has primarily focused on</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">headache conditions</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.1pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">(migraine</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.15pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">and</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.15pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">cluster</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.2pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;"> </span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; line-height: inherit;">headache). </span></span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.05pt;">electroCore, headquartered in New Jersey, has two wholly owned subsidiaries: electroCore Germany GmbH, and electroCore UK Ltd. <span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: -0.05pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">The Company has ceased its operations in Germany, although sales to Germany are still supported by electroCore UK Ltd. In addition, an affiliate, electroCore (Aust) Pty Limited (“electroCore Australia”), is subject to electroCore’s control on a basis other than voting interests and is a variable interest entity (“VIE”), for which electroCore is the primary beneficiary. As of May 2017, the VIE ceased operations. </span></span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.05pt;">In January 2018, the U.S. Food and Drug Administration ("FDA") cleared the use of gammaCore, the Company's first generation disposable non-invasive vagus nerve stimulator therapy for the treatment of pain associated with migraine headache in adult patients. Previously in April 2017, the FDA cleared the use of gammaCore for the acute treatment of pain associated with episodic cluster headache in adult patients. Effective August 1, 2018, the Company announced gammaCore Sapphire, a rechargeable and reloadable version of the product for multi-year use, was available in the United States. The Company continues to market the non-reloadable disposable version of its gammaCore products in certain markets and to deploy it for use in clinical studies where a rechargeable version is not necessary. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In November 2018, the FDA provided 510(k) clearance for an expanded label for gammaCore nVNS therapy for adjunctive use for the preventive treatment of cluster headache in adult patients.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.05pt;">In March 2020, the FDA provided 510(k) clearance for an expanded label for gammaCore nVNS therapy for the preventive treatment of migraine headache in adult patients.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.05pt;">In July 2020, the FDA granted the Company an Emergency Use Authorization ("EUA") authorizing the use of the Company's gammaCore Sapphire CV nVNS therapy at home or in a healthcare setting to acutely treat adult patients with known or suspected COVID-19 who are experiencing exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved drug therapies are not tolerated or provide insufficient symptom relief.</span></p> <p style="margin: 12pt 0in 0in; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10.0pt; letter-spacing: -.05pt;"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In February 2021, gammaCore was cleared by the FDA for the acute and preventive treatment of migraine in adolescents between 12 and 17 years of age.</span></span></p> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <p style="margin: 18pt 0pt 0pt;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 2. Summary of Significant Accounting Policies</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-right: none; border-left: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(a) Basis of Presentation</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the rules and regulations of the Securities and Exchange Commission ("SEC").</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b) Principles of Consolidation</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying consolidated financial statements include the accounts of </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and its wholly owned subsidiaries. </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> (</span>Aust<span style="font-family: 'Times New Roman'; font-size: 10pt;">) Pty Limited, a VIE for which </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> is the primary beneficiary, is also consolidated with the non-controlled equity presented as non-controlling interest. The VIE has ceased its operations. All intercompany balances and transactions have been eliminated in consolidation.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> </div> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(c) Use of Estimates</span></p> <p style="background-color: #ffffff; margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of financial statements in conformity with U.S.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> GAAP</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include <span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">valuation of inventory</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">, stock compensation, and contingencies.</span></span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(d) Revenue Recognition </span></p> <p style="background-color: #ffffff; margin: 6pt 0pt 0pt; text-align: justify;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">T</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">he Company accounts for its revenue transactions under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">606,</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Revenue from Contracts with Customers</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">(“ASC Topic 606”). In accordance with ASC Topic 606, the Company recognizes revenues</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">when its customers obtain control of its product for an amount that reflects the consideration it expects to receive from its customers in exchange for that product. To determine revenue recognition for contracts that are determined to be in scope of ASC Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Once the contract is determined to be within the scope of ASC Topic 606, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when such performance obligation is satisfied. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The transaction price is based on the consideration that the Company expects to receive in exchange for its products and includes the fixed per-unit price of the product and variable consideration in the form of trade credits, vouchers, rebates, and co-payment assistance. The per-unit price is based on the Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. Damaged or defective products are replaced at no charge under the Company’s standard warranty. A cash refund is allowed under specific circumstances for undamaged and non-defective returned products.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Shipping fees are not billed to the customer and are reflected as part of selling, general, and administrative expenses.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(e) Cash and Cash Equivalents</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents include all highly liquid investments with a maturity of three months or less when purchased. </span><span style="font-size: 10pt; color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The Company’s accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per financial institution in the United States, and up to </span><span style="font-size: 10pt; color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">£<span style="border-left: none; border-right: none;">85,000</span></span><span style="font-size: 10pt; color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> by the Financial Services Compensation Scheme (“FSCS”) per financial institution in the United Kingdom.</span><span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> </span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(f) Marketable Securities </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Marketable securities, all of which are available-for-sale, consist of corporate debt securities, U.S. bonds and U.S. sponsored agencies. Marketable securities are carried at fair value, with unrealized gains and losses reported as accumulated other comprehensive income, except for losses from impairments which are determined to be other-than-temporary. Realized gains and losses and declines in value judged to be other-than-temporary are included in the determination of net loss and are included in interest and other income net. Fair values are based on quoted market prices at the reporting date. Interest and dividends on available-for-sale securities are included in Interest and other income.</span></p> </div> </div> </div> </div> </div> </div> </div> <div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">(g) Concentration of Credit Risk </span></p> <p style="margin: 6pt 0pt 0pt;"><br/></p> <p style="margin-top: 6.0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10.0pt;">Cash, cash equivalents and marketable securities are financial instruments that potentially subject the Company to concentration of credit risk. As of December 31, 2020, the Company's cash equivalents and marketable securities were largely comprised of money market funds and U.S. treasury bonds. The Company has established <span style="mso-comment-continuation: 2;"><span style="mso-comment-continuation: 3;">guidelines </span></span></span><span style="font-size: 10.0pt;">relative to diversification and maturities that are designed to help ensure safety and liquidity. These guidelines are periodically reviewed to take advantage of trends in yields and interest rates. As of December 31, 2020, approximately 95.8% of the Company’s cash, cash equivalents and marketable securities was denominated in U.S. Dollars, the balance is subject to foreign exchange risk.</span></span></p> <p style="margin-top: 6.0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10.0pt;"><br/></span></span></p> </div> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(h) Accounts Receivable </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. Management considers an account receivable to be past due when it is not settled under its stated terms. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. During the years ended December 31, 2020 and 2019, the Company's allowance for doubtful accounts was immaterial. The Company does not have any off balance sheet credit exposure related to its customers. </span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(i) Inventories </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inventory, which consists of raw materials, work-in-process and finished product, is stated at the lower of cost or net realizable value. Inventory is valued on a first-in first-out basis. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company evaluates inventory with respect to its operating cycle and classifies inventory as current or long-term on its balance sheet. Based upon estimated production needs and current inventory levels, the Company determined the amount of inventory necessary for the next twelve months. Any amounts over this projection are reclassified as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Inventories, noncurrent</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In addition, the Company’s product is subject to strict quality control and monitoring which the Company performs throughout the manufacturing process. If certain units of product no longer meet quality specification or become obsolete, the Company records a charge to cost of sales sold to write down such unmarketable inventory to zero.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(j) Property and Equipment </span></div> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Property and equipment are stated at historical cost.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation is computed by the straight-line method based on the estimated useful lives of the respective assets, as discussed below.  </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Amounts expended for maintenance and repairs are charged to expense as incurred.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and leasehold improvement amortization is computed using the following estimated useful lives:</span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Machinery and equipment </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3–15 years </span></p> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Leasehold improvements </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">Lesser of estimated useful life or term of lease</span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Furniture and fixtures </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5–10 years </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Computer equipment </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5 years </span></p> </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(k) Leases</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company determines if an arrangement is a lease at inception. For each lease, the lease term is determined at the commencement date and includes renewal options and termination options when it is reasonably certain that the Company will exercise that option. Operating leases with the lease terms greater than one year are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities in the Company’s consolidated balance sheets.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Operating lease ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term using an estimated rate of interest the Company would have to pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The operating lease ROU assets are based on the liability adjusted for any prepaid or deferred rent and lease incentives. The incremental borrowing rate was utilized to discount lease payments over the expected term given that the Company’s operating leases do not provide an implicit rate. The Company estimates the incremental borrowing rate to reflect the profile of secured borrowing over the expected term of the leases based on the information available at the later of the date of adoption or the lease commencement date. Rent expense for the operating lease is recognized on a straight-line basis over the lease term.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The new lease accounting guidance permits companies to utilize certain practical expedients in their implementation of the new standard. The Company elected this package of practical expedients and was therefore not required to reassess the following upon adoption: (i) whether an expired or existing contract met the definition of a lease; (ii) the lease classification at January 1, 2019 for existing leases; and (iii) whether leasing costs previously capitalized as initial direct costs would continue to be amortized. This allowed the Company to continue to account for its existing office space leases as operating leases. Upon adoption, the Company did not have an adjustment to the opening balance of retained earnings due to the election of these practical expedients</span><span style="font-family: Arial; font-size: 9pt;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; color: #ff0000;"> </span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(l)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Cloud Computing Arrangement</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Implementation costs for the Company’s cloud computing arrangement (“CCA”) are capitalized and amortized using the straight-line method over the life of the arrangement. The Company has capitalized implementation costs incurred in implementing its cloud computing arrangements, which is a hosting arrangement that is a service contract per FASB Accounting Standards Update (“ASU”) 2018-15. These costs include p</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">ayroll costs of employees devoting time to the project and external direct costs for materials and services are capitalized.</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">Software maintenance and training costs are expensed in the period in which they are incurred. </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The capitalized costs are included as a component of other assets.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(m) Impairment of Long-Lived Assets </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Long lived assets, such as property, plant, 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 amount. If the carrying amount 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 amount 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.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(n) Stock-based Compensation </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company accounts for stock-based compensation in accordance with the ASC Topic 718, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Compensation – Stock Compensation</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">. The Company estimates the fair value of stock option awards using the Black-Scholes option pricing model on the date of the grant. Restricted stock unit awards and restricted stock awards without a market condition are valued based on the closing price of the Company’s common stock on the date of the grant. Compensation expense reflects actual forfeitures and is primarily recognized on a straight-line basis over the requisite service period of the individual grants, which typically equals the vesting period.</span></p> <p style="margin: 6pt 0pt 0pt;"><br/></p> <div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(o) Income Taxes</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized based on the differences between financial statement and income tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company provides a full valuation allowance on substantially all deferred tax assets. The provision for income taxes represents the current state tax payable for the period. The federal tax provision is immaterial given the Company reports losses in all its taxable jurisdictions and is recording a full valuation allowance on the net deferred tax asset. The Company recognizes the effect of an income tax position only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as income tax expense.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(p) Research and Development </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Research and development costs are expensed as incurred. These costs include, but are not limited to, costs related to clinical trials, and compensation and related overhead for employees and consultants involved in research and development activities.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(q) Foreign Currency Translation and Transactions </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The functional currency of the Company’s international operations has been determined to be the respective local currency. The Company translates functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect at the balance sheet date and translates functional currency income and expense amounts to their U.S. dollar equivalents at average exchange rates for the period. The U.S. dollar affects that arise from changing translation rates are recorded in other comprehensive loss. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the period they occur.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(r) Segment Information</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company views its operations and manages its business as <span style="-sec-ix-hidden:Tag821">one</span> operating segment.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(s) Recently Adopted Accounting Standards</span></p> <p style="margin: 6pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">In August 2018, the FASB issued guidance which modified the disclosure requirements for fair value measurements. The guidance is effective for the year ended December 31, 2020. The Company adopted this guidance, and it was properly reflected in the consolidated financial statements. The impact on the consolidated financial statements was immaterial.</span></p> <div style="border-left-color: currentColor; border-left-style: none; border-left-width: medium; border-right-color: currentColor; border-right-style: none; border-right-width: medium;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; margin: 6pt 0pt 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important; margin: 6pt 0pt 0pt;"><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; margin: 6pt 0pt 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important; margin: 6pt 0pt 0pt;">I<span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">n June 2016, the FASB issued ASU </span></span><span style="line-height: inherit;">2016</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">-</span><span style="line-height: inherit;">13</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">, Financial Instruments – Credit Losses (Topic </span><span style="line-height: inherit;">326</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">); Measurement of Credit Losses on Financial Instruments, ASU </span><span style="line-height: inherit;">2016</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">-</span><span style="line-height: inherit;">13</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;"> changes the impairment model for most financial assets, including trade and other receivables, from an incurred loss method to a new forward looking approach based on expected losses. The new approach includes the consideration of historical experience, current conditions, and reasonable and supportable forecasts. </span></span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial.</span></p> </div> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(t) Recently Accounting Standards Not Yet Adopted </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">In December 2019, the FASB issued an update to simplify the accounting for income taxes and improve consistent application by clarifying or amending existing guidance. This guidance is effective for the year ended December 31, 2021. The Company does not expect this guidance to have a material impact on its consolidated financial statements upon adoption.<br/></span></p> </div> </div> </div> </div> </div> </div> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(a) Basis of Presentation</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the rules and regulations of the Securities and Exchange Commission ("SEC").</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b) Principles of Consolidation</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying consolidated financial statements include the accounts of </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and its wholly owned subsidiaries. </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> (</span>Aust<span style="font-family: 'Times New Roman'; font-size: 10pt;">) Pty Limited, a VIE for which </span>electroCore<span style="font-family: 'Times New Roman'; font-size: 10pt;"> is the primary beneficiary, is also consolidated with the non-controlled equity presented as non-controlling interest. The VIE has ceased its operations. All intercompany balances and transactions have been eliminated in consolidation.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(c) Use of Estimates</span></p> <p style="background-color: #ffffff; margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of financial statements in conformity with U.S.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> GAAP</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include <span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">valuation of inventory</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">, stock compensation, and contingencies.</span></span></p> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(d) Revenue Recognition </span></p> <p style="background-color: #ffffff; margin: 6pt 0pt 0pt; text-align: justify;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">T</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">he Company accounts for its revenue transactions under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">606,</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Revenue from Contracts with Customers</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">(“ASC Topic 606”). In accordance with ASC Topic 606, the Company recognizes revenues</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">when its customers obtain control of its product for an amount that reflects the consideration it expects to receive from its customers in exchange for that product. To determine revenue recognition for contracts that are determined to be in scope of ASC Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Once the contract is determined to be within the scope of ASC Topic 606, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when such performance obligation is satisfied. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The transaction price is based on the consideration that the Company expects to receive in exchange for its products and includes the fixed per-unit price of the product and variable consideration in the form of trade credits, vouchers, rebates, and co-payment assistance. The per-unit price is based on the Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. Damaged or defective products are replaced at no charge under the Company’s standard warranty. A cash refund is allowed under specific circumstances for undamaged and non-defective returned products.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Shipping fees are not billed to the customer and are reflected as part of selling, general, and administrative expenses.</span></p> <p style="background-color: #ffffff; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(e) Cash and Cash Equivalents</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents include all highly liquid investments with a maturity of three months or less when purchased. </span><span style="font-size: 10pt; color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The Company’s accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per financial institution in the United States, and up to </span><span style="font-size: 10pt; color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">£<span style="border-left: none; border-right: none;">85,000</span></span><span style="font-size: 10pt; color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> by the Financial Services Compensation Scheme (“FSCS”) per financial institution in the United Kingdom.</span><span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> </span></p> 250000 85000 <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(f) Marketable Securities </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Marketable securities, all of which are available-for-sale, consist of corporate debt securities, U.S. bonds and U.S. sponsored agencies. Marketable securities are carried at fair value, with unrealized gains and losses reported as accumulated other comprehensive income, except for losses from impairments which are determined to be other-than-temporary. Realized gains and losses and declines in value judged to be other-than-temporary are included in the determination of net loss and are included in interest and other income net. Fair values are based on quoted market prices at the reporting date. Interest and dividends on available-for-sale securities are included in Interest and other income.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">(g) Concentration of Credit Risk </span></p> <p style="margin: 6pt 0pt 0pt;"><br/></p> <p style="margin-top: 6.0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10.0pt;">Cash, cash equivalents and marketable securities are financial instruments that potentially subject the Company to concentration of credit risk. As of December 31, 2020, the Company's cash equivalents and marketable securities were largely comprised of money market funds and U.S. treasury bonds. The Company has established <span style="mso-comment-continuation: 2;"><span style="mso-comment-continuation: 3;">guidelines </span></span></span><span style="font-size: 10.0pt;">relative to diversification and maturities that are designed to help ensure safety and liquidity. These guidelines are periodically reviewed to take advantage of trends in yields and interest rates. As of December 31, 2020, approximately 95.8% of the Company’s cash, cash equivalents and marketable securities was denominated in U.S. Dollars, the balance is subject to foreign exchange risk.</span></span></p> <p style="margin-top: 6.0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10.0pt;"><br/></span></span></p> 0.958 <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(h) Accounts Receivable </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. Management considers an account receivable to be past due when it is not settled under its stated terms. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. During the years ended December 31, 2020 and 2019, the Company's allowance for doubtful accounts was immaterial. The Company does not have any off balance sheet credit exposure related to its customers. </span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(i) Inventories </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inventory, which consists of raw materials, work-in-process and finished product, is stated at the lower of cost or net realizable value. Inventory is valued on a first-in first-out basis. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company evaluates inventory with respect to its operating cycle and classifies inventory as current or long-term on its balance sheet. Based upon estimated production needs and current inventory levels, the Company determined the amount of inventory necessary for the next twelve months. Any amounts over this projection are reclassified as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Inventories, noncurrent</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In addition, the Company’s product is subject to strict quality control and monitoring which the Company performs throughout the manufacturing process. If certain units of product no longer meet quality specification or become obsolete, the Company records a charge to cost of sales sold to write down such unmarketable inventory to zero.</span></p> <div style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(j) Property and Equipment </span></div> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Property and equipment are stated at historical cost.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation is computed by the straight-line method based on the estimated useful lives of the respective assets, as discussed below.  </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Amounts expended for maintenance and repairs are charged to expense as incurred.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and leasehold improvement amortization is computed using the following estimated useful lives:</span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Machinery and equipment </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3–15 years </span></p> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Leasehold improvements </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">Lesser of estimated useful life or term of lease</span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Furniture and fixtures </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5–10 years </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Computer equipment </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5 years </span></p> </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Machinery and equipment </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3–15 years </span></p> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Leasehold improvements </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">Lesser of estimated useful life or term of lease</span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Furniture and fixtures </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5–10 years </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Computer equipment </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5 years </span></p> </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> P3Y P15Y Lesser of estimated useful life or term of lease P5Y P10Y P5Y <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(k) Leases</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company determines if an arrangement is a lease at inception. For each lease, the lease term is determined at the commencement date and includes renewal options and termination options when it is reasonably certain that the Company will exercise that option. Operating leases with the lease terms greater than one year are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities in the Company’s consolidated balance sheets.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Operating lease ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term using an estimated rate of interest the Company would have to pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The operating lease ROU assets are based on the liability adjusted for any prepaid or deferred rent and lease incentives. The incremental borrowing rate was utilized to discount lease payments over the expected term given that the Company’s operating leases do not provide an implicit rate. The Company estimates the incremental borrowing rate to reflect the profile of secured borrowing over the expected term of the leases based on the information available at the later of the date of adoption or the lease commencement date. Rent expense for the operating lease is recognized on a straight-line basis over the lease term.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The new lease accounting guidance permits companies to utilize certain practical expedients in their implementation of the new standard. The Company elected this package of practical expedients and was therefore not required to reassess the following upon adoption: (i) whether an expired or existing contract met the definition of a lease; (ii) the lease classification at January 1, 2019 for existing leases; and (iii) whether leasing costs previously capitalized as initial direct costs would continue to be amortized. This allowed the Company to continue to account for its existing office space leases as operating leases. Upon adoption, the Company did not have an adjustment to the opening balance of retained earnings due to the election of these practical expedients</span><span style="font-family: Arial; font-size: 9pt;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; color: #ff0000;"> </span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(l)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Cloud Computing Arrangement</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Implementation costs for the Company’s cloud computing arrangement (“CCA”) are capitalized and amortized using the straight-line method over the life of the arrangement. The Company has capitalized implementation costs incurred in implementing its cloud computing arrangements, which is a hosting arrangement that is a service contract per FASB Accounting Standards Update (“ASU”) 2018-15. These costs include p</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">ayroll costs of employees devoting time to the project and external direct costs for materials and services are capitalized.</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">Software maintenance and training costs are expensed in the period in which they are incurred. </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The capitalized costs are included as a component of other assets.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(m) Impairment of Long-Lived Assets </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Long lived assets, such as property, plant, 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 amount. If the carrying amount 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 amount 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.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(n) Stock-based Compensation </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company accounts for stock-based compensation in accordance with the ASC Topic 718, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Compensation – Stock Compensation</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">. The Company estimates the fair value of stock option awards using the Black-Scholes option pricing model on the date of the grant. Restricted stock unit awards and restricted stock awards without a market condition are valued based on the closing price of the Company’s common stock on the date of the grant. Compensation expense reflects actual forfeitures and is primarily recognized on a straight-line basis over the requisite service period of the individual grants, which typically equals the vesting period.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(o) Income Taxes</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized based on the differences between financial statement and income tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company provides a full valuation allowance on substantially all deferred tax assets. The provision for income taxes represents the current state tax payable for the period. The federal tax provision is immaterial given the Company reports losses in all its taxable jurisdictions and is recording a full valuation allowance on the net deferred tax asset. The Company recognizes the effect of an income tax position only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as income tax expense.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(p) Research and Development </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Research and development costs are expensed as incurred. These costs include, but are not limited to, costs related to clinical trials, and compensation and related overhead for employees and consultants involved in research and development activities.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(q) Foreign Currency Translation and Transactions </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The functional currency of the Company’s international operations has been determined to be the respective local currency. The Company translates functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect at the balance sheet date and translates functional currency income and expense amounts to their U.S. dollar equivalents at average exchange rates for the period. The U.S. dollar affects that arise from changing translation rates are recorded in other comprehensive loss. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the period they occur.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(r) Segment Information</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company views its operations and manages its business as <span style="-sec-ix-hidden:Tag821">one</span> operating segment.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(s) Recently Adopted Accounting Standards</span></p> <p style="margin: 6pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">In August 2018, the FASB issued guidance which modified the disclosure requirements for fair value measurements. The guidance is effective for the year ended December 31, 2020. The Company adopted this guidance, and it was properly reflected in the consolidated financial statements. The impact on the consolidated financial statements was immaterial.</span></p> <div style="border-left-color: currentColor; border-left-style: none; border-left-width: medium; border-right-color: currentColor; border-right-style: none; border-right-width: medium;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; margin: 6pt 0pt 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important; margin: 6pt 0pt 0pt;"><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; margin: 6pt 0pt 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important; margin: 6pt 0pt 0pt;">I<span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">n June 2016, the FASB issued ASU </span></span><span style="line-height: inherit;">2016</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">-</span><span style="line-height: inherit;">13</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">, Financial Instruments – Credit Losses (Topic </span><span style="line-height: inherit;">326</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">); Measurement of Credit Losses on Financial Instruments, ASU </span><span style="line-height: inherit;">2016</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">-</span><span style="line-height: inherit;">13</span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;"> changes the impairment model for most financial assets, including trade and other receivables, from an incurred loss method to a new forward looking approach based on expected losses. The new approach includes the consideration of historical experience, current conditions, and reasonable and supportable forecasts. </span></span><span style="font-family: &amp;quot; times new roman&amp;quot; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial.</span></p> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">(t) Recently Accounting Standards Not Yet Adopted </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">In December 2019, the FASB issued an update to simplify the accounting for income taxes and improve consistent application by clarifying or amending existing guidance. This guidance is effective for the year ended December 31, 2021. The Company does not expect this guidance to have a material impact on its consolidated financial statements upon adoption.<br/></span></p> <p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 3. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Significant Risks and Uncertainties</span></p> <p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; font-style: italic;">Going Concern</span></p> <p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company is subject to risks common to emerging medical device companies, including uncertainties related to commercialization of products and failing to secure additional funding.</span></p> <p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">The Company has experienced significant net losses, and it expects to continue to incur losses for the near future as it operates its sales and marketing infrastructure, and works to increase market acceptance of its gammaCore therapy for the acute treatment of episodic cluster headache (“eCH”), the prevention of cluster headache, and the preventive and acute treatment of migraine. The Company has never been profitable and has incurred net losses in each year since its inception.</span></p> <p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company incurred net losses of $23.5 million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">45.1</span></span> million for the years ended December 31, 2020 and <span style="border-left: none; border-right: none;">2019</span>, respectively. As of December 31, 2020, its accumulated deficit was $<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-left: none; border-right: none;">107.0</span></span> million.</span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0pt 0pt 8pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company’s expected cash requirements for the next 12 months and beyond are based on the commercial success of its products and its ability to reduce operating expenses. There are significant risks and uncertainties as to its ability to achieve these operating results, including as a result of the adverse impact on its headache business from the COVID-19 pandemic and significant potential investment necessary to generate potential sales of gammaCore Sapphire™ CV. Due to these risks and uncertainties, the Company may need to reduce its activities significantly more than in its current operating plan and cash flow projections assume in order to fund its operations beyond one year of the date the accompanying financial statements are issued. There can be no assurance that the Company will have sufficient cash flow and liquidity to fund its planned activities, which could force it to significantly reduce or curtail its activities and, ultimately, potentially cease operations. </span><span style="font-size: 10.0pt; color: black;"><span style="font-family: 'times new roman', times;">These conditions raise substantial doubt about the Company’s ability to continue as a going concern.</span> </span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0pt 0pt 8pt;"><span style="font-family: 'times new roman', times;">There is no assurance that the Company will generate sufficient funding through its operating results or financing activity, raising substantial doubt about the Company’s ability to continue as a going concern within one year of the date the accompanying financial statements are issued. The accompanying financial statements do not include any adjustment that might result from the outcome of this uncertainty.</span></p> <p style="margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><i><span style="font-size: 10.0pt;">Concentration of Revenue Risks</span></i><span style="font-size: 10.0pt;"/></span></p> <p style="margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1.1; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company earns a significant amount of its revenue (i) in the United States from the Department of Veterans Affairs and Department of Defense pursuant to its qualifying contract under the Federal Supply Schedule and open market sales to individual Department of Veterans Affairs facilities and (ii) in the United Kingdom from the National Health Service. In total, net sales from these two channels represented 86.9% and 57.3% of the Company’s net sales for years ended December 31, 2020 and 2019, respectively. Each of these two channels accounted for 10% or more of the Company's net sales as summarized below:</span></p> <table cellpadding="0" style="height: 69px; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; width: 79.3869%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><br/></p> </td> <td style="height: 18px; width: 0.422833%;"><br/></td> <td colspan="6" style="text-align: center; height: 18px; width: 19.6427%;"><span style="font-weight: bold; font-size: 9pt;">Years ended December 31,</span></td> <td style="height: 18px; width: 0.528541%;"><br/></td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 79.3869%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.422833%;"><br/></td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-weight: bold; font-size: 9pt;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1.58562%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.05708%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-weight: bold; font-size: 9pt;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.3869%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Revenue channel: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.422833%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.58562%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px; width: 79.3869%;"><span style="font-size: 9pt;">     <span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Department of Veterans Affairs and Department of Defense</span></span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.422833%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 9pt;"> 57.9 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 1.58562%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">  % </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; text-align: right; width: 8%;"> <p style="margin: 0pt;"><span style="font-size: 9pt;"> 31.1 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 9pt;"> % </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 79.3869%;">    <span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">National Health Service</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.422833%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; width: 8%;"><span style="font-size: 9pt;">29.0</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right; width: 1.58562%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;"> 26.2 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span><br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 8pt 0in; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; color: #000000;">In 2020, <span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">five</span></span> specific VA/DoD facilities represented approximately 50% of the Company’s revenue from this channel, and <span style="border-right: none; border-left: none;">two</span> of those facilities each accounted for more than 10% individually. </span><span style="font-size: 10.0pt;"/></p> <p style="margin: 8pt 0pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 0pt;"><span style="font-size: 10pt;">During these periods, no other customer accounted for 10% or more of the Company's net sales.</span></p> <p style="margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><i><span style="font-size: 10.0pt;">Foreign Currency Exchange Risks</span></i><span style="font-size: 10.0pt;"/></span></p> <p style="margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1.1; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company has foreign currency exchange risk related to revenue and operating expenses in currencies other than the local currencies in which it operates. The Company is exposed to currency risk from the potential changes in functional currency values of its assets, liabilities, and cash flows <span style="color: #000000; line-height: inherit;">denominated in foreign currencies</span>.</span></p> <p style="margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><i><span style="font-size: 10.0pt;">COVID-19 Risks and Uncertainties</span></i><span style="font-size: 10.0pt;"/></span></p> <p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1.4; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company continues to monitor the impact of the COVID-19 pandemic on all aspects of its business and geographies, including how it will impact business partners. While the Company experienced disruptions during the year ended December 31, 2020 from the COVID-19 pandemic, it is unable to predict the full impact that the COVID-19 pandemic may have on its financial condition, results of operations and cash flows due to numerous uncertainties. These uncertainties include the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact and the direct and indirect economic effects of the pandemic and containment measures, among others. The outbreak of COVID-19 in many countries, including the United States, has significantly adversely impacted global economic activity and has contributed to significant volatility and negative pressure in financial markets. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Depending upon the duration and severity of the pandemic, the continuing effect on the Company's results and outlook over the long term remains uncertain.</span></span></p> <div style="border-left: none; border-right: none;"> </div> 23.5 45100000 107.0 2 0.869 0.573 2 0.10 0.10 <table cellpadding="0" style="height: 69px; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; width: 79.3869%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><br/></p> </td> <td style="height: 18px; width: 0.422833%;"><br/></td> <td colspan="6" style="text-align: center; height: 18px; width: 19.6427%;"><span style="font-weight: bold; font-size: 9pt;">Years ended December 31,</span></td> <td style="height: 18px; width: 0.528541%;"><br/></td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 79.3869%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.422833%;"><br/></td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-weight: bold; font-size: 9pt;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1.58562%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.05708%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-weight: bold; font-size: 9pt;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.3869%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Revenue channel: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.422833%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.58562%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px; width: 79.3869%;"><span style="font-size: 9pt;">     <span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Department of Veterans Affairs and Department of Defense</span></span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.422833%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 9pt;"> 57.9 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 1.58562%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">  % </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; text-align: right; width: 8%;"> <p style="margin: 0pt;"><span style="font-size: 9pt;"> 31.1 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 9pt;"> % </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 79.3869%;">    <span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">National Health Service</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.422833%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; width: 8%;"><span style="font-size: 9pt;">29.0</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right; width: 1.58562%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.05708%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;"> 26.2 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span><br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.528541%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> </tbody> </table> 0.579 0.311 0.290 0.262 0.50 0.10 0.10 <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 4. Revenue Recognition</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Geographical Net Sales</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following table presents net sales disaggregated by geographic area: </span></p> <p style="margin: 0pt;"><br/></p> <div id="t_ft_VOTK4EA64W00000000000000000000b"> <table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="7" style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Years ended December 31, </span></p> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Geographic Market </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> United States </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2,374,687</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,605,814 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> United Kingdom </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1,051,206</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 665,627 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Germany </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">53,925</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 102,427 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">16,014</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,411 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total Net Sales </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,495,832</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,390,279 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 7pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Performance Obligations</span></p> <p style="margin: 7pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue, net of discounts, vouchers, rebates, returns, and co-payment assistance is solely generated from the sales of the gammaCore products. Revenue is recognized when delivery of the product is completed. The Company deems control to have transferred upon the completion of delivery because that is the point in which (1) it has a present right to payment for the product, (2) it has transferred the physical possession of the product, (3) the customer has legal title to the product, (4) the customer has risks and rewards of ownership and (5) the customer has accepted the product. After the products have been delivered and control has transferred, the Company has no remaining unsatisfied performance obligations.</span></p> <p style="margin: 7pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue is measured based on the consideration that the Company expects to receive in exchange for gammaCore, which represents the transaction price.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The transaction price includes the fixed per-unit price of the product and variable consideration in the form of trade credits, </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">rebates, and co-payment assistance. The per-unit price is based on the </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer. </span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. For the years ended December 31, 2020 and 2019, trade credits and discounts were immaterial.</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In October 2018, the Company launched its<span> </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Partners for Coverage</span><span> program that allows eligible commercial insurance patients uninterrupted access to gammaCore for up to <span>two</span> months while insurance coverage is being pursued. In February 2019, this program was modified to provide therapy to patients for up to <span>12</span> months while insurance coverage is being pursued. In December 2019, the Company terminated this program.</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span>Reimbursement for co-payments made by patients under the co-payment assistance program is considered variable consideration. Beginning in February 2019, eligible patients could receive a reduction of up to $</span><span><span>300</span> from the cost of co-payments for the first month of therapy and a reduction of up to $<span>250</span> from the cost of each refill for a maximum of <span>12</span> months. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Effective March 1, 2020, the amount of monthly co-payment assistance was reduced to a maximum of $</span><span style="cursor: text;">100</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> per prescription. </span>For the years ended December 31, 2020 and <span>2019</span>, net sales reflect a reduction for the reduced cost of therapy under the co-payment assistance program. The calculation of the accrual is based on an estimate of claims and the cost per claim that the Company expects to incur associated with inventory that exists in the distribution channel at period end.</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Managed care rebates represent our estimated obligations to pharmacy benefit managers. Rebate accruals are recognized in the same period the related revenue is recognized. Gross to net accruals based on estimated rebates were determined to be</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">de minimis.</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Contract Balances</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt; margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The</span><span> </span>Company generally invoices the customer and recognizes revenue once its performance obligations are satisfied, at which point payment is unconditional. Accordingly, under ASC<span> </span>606, the Company’s contracts with customers did not give rise to contract assets or liabilities during the year ended<span> </span>December 31, 2020<span> </span>and<span> </span>2019.</span></p> <p style="margin: 7pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Agreed upon payment terms with customers are within<span> </span>120<span> </span>days of shipment. Accordingly, contracts with customers do not include a significant financing component.</span></p> <p style="margin: 0pt;"><br/></p> <div id="t_ft_VOTK4EA64W00000000000000000000b"> <table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="7" style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Years ended December 31, </span></p> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Geographic Market </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> United States </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2,374,687</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,605,814 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> United Kingdom </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1,051,206</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 665,627 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Germany </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">53,925</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 102,427 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">16,014</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,411 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total Net Sales </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,495,832</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,390,279 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> </div> 2374687 1605814 1051206 665627 53925 102427 16014 16411 3495832 2390279 0 300 250 100 P120D <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 5. Cash, Cash Equivalents and Marketable Securities</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following tables summarizes the Company’s cash, cash equivalents and marketable securities as of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and 2019.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div id="t_ft_JBS9UWS6LS00000000000000000000b"> <table cellpadding="0" style="height: 285px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td colspan="16" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;"> As of December 31, 2020</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Amortized Cost </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized Gain </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized (Loss) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 62%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,388,970 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,388,970 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total cash, cash equivalents and marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,630,907 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td colspan="16" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;"> As of December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Amortized Cost </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized Gain </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized (Loss) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,564,252 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(461</span></p> </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,494,539 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,494,539 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total cash, cash equivalents and marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,058,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> (461 </span></p> </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company’s U.S. treasury bonds mature within one year.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div id="t_ft_JBS9UWS6LS00000000000000000000b"> <table cellpadding="0" style="height: 285px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td colspan="16" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;"> As of December 31, 2020</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Amortized Cost </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized Gain </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized (Loss) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 62%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,388,970 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,388,970 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total cash, cash equivalents and marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,630,907 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(2,810</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td colspan="16" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;"> As of December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Amortized Cost </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized Gain </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Unrealized (Loss) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,564,252 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(461</span></p> </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,494,539 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,494,539 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total cash, cash equivalents and marketable securities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,058,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">811</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> (461 </span></p> </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> 4241937 4241937 18388970 2810 18386160 18388970 2810 18386160 22630907 2810 22628097 13564252 461 13563791 10494539 811 10495350 10494539 811 10495350 24058791 811 461 24059141 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 6. Fair Value Measurements</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three levels of the fair value hierarchy:</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div id="t_ft_2N50ZNB3UO00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="vertical-align: top; width: 4.86%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: top; width: 4.86%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> • </span></p> </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; padding-left: 0px; padding-right: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Level 1—Quoted prices in active markets for identical assets or liabilities. </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0px; text-indent: 0px;"><br/></p> <div id="t_ft_QW8X9CEF1S00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="margin: 0px; text-indent: 0px;"> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> • </span></p> </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0px; text-indent: 0px;"><br/></p> <div id="t_ft_6ENVGO1EHC00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="margin: 0px; text-indent: 0px;"> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> • </span></p> </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0pt; text-align: center;"><br/></p> <div> <div> </div> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">A summary of the assets and liabilities carried at fair value in accordance with the hierarchy defined above is as follows:</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0pt;"><br/></p> <div id="t_ft_PLNCT56O2800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 241px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="10" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value Hierarchy </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;"> December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 1) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 2) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 3) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 54%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Marketable Securities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;"> December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Marketable Securities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period. There were no transfers within the hierarchy during the years ended </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and 2019. The carrying amount of the Company’s receivables and payables approximate their fair value due to their maturity.</span></p> <p style="margin: 0pt;"><br/></p> <div id="t_ft_PLNCT56O2800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 241px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="10" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Fair Value Hierarchy </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;"> December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 1) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 2) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> (Level 3) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 54%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,241,937 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Marketable Securities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,386,160 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,628,097 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;"> December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,563,791 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Marketable Securities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> U.S. Treasury Bonds </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,495,350 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,059,141 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> 4241937 4241937 18386160 18386160 22628097 22628097 13563791 13563791 10495350 10495350 24059141 24059141 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 7.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Inventory</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">As of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and 2019, inventories consisted of the following:</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div id="t_ft_ANNHFF40M800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Raw materials </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,008,653 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,065,345 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Work in process </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,304,415 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,314,763 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Finished Goods </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 428,549 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 531,064 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total Inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,741,617 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,911,172 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less: noncurrent inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,865,181 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">6,020,180</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total current inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 876,436 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 890,992 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">As of December 31, 2020 and 2019, the Company reserved $721,462 and $287,544 respectively,<span style="color: #ff0000;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">for obsolete inventory</span></span>. <span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">The Company records charges for obsolete inventory in cost of goods sold. As of December 31, 2020 and 2019, noncurrent inventory was comprised of approximately $0.7</span><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million and $</span><span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">1.0</span><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million of raw materials, respectively, and $4.2</span><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million and $</span><span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">5.0</span><span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million of work in process, respectively.</span></span></p> <div id="t_ft_ANNHFF40M800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Raw materials </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,008,653 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,065,345 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Work in process </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,304,415 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,314,763 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Finished Goods </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 428,549 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 531,064 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total Inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,741,617 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,911,172 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less: noncurrent inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,865,181 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">6,020,180</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total current inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 876,436 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 890,992 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> 1008653 1065345 4304415 5314763 428549 531064 5741617 6911172 4865181 6020180 876436 890992 721462 287544 700000 1000000.0 4200000 5000000.0 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 8.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Leases</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company implemented FASB ASU 2016-02, Leases (Topic 842), which required lessees to recognize most leases on its balance sheet effective January 1, 2019.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company recognized <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span>3.9 million of right of use assets for leases for office, manufacturing and warehouse space and office equipment.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company also recognized <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span>4.2 million for lease liabilities.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company elected not to recognize right of use assets and lease liabilities for short term leases, i.e., leases with a noncancelable period of 12 months or less.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company’s leases have remaining lease terms of approximately <span style="-sec-ix-hidden:Tag849">one</span> to four years, some of which include options to extend the leases for up to an additional five years. For the leases for the office space in Basking Ridge, New Jersey and the manufacturing and warehouse space in Rockaway, New Jersey, the Company recognized the options to renew the leases as part of the right of use asset and the lease liability as the Company deemed that the renewal options were reasonably certain to be exercised.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">However, due to the Company’s decision to implement a comprehensive redeployment and cost reduction plan implemented in June 2019, the Company determined the renewal option for the office space at the Basking Ridge location was no longer reasonably certain to be exercised. The Company remeasured the Basking Ridge right of use asset and the lease liability beginning June 1, 2019 utilizing the newly expected lease term.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">  </span></p> <div> <div style="border-right: none; border-left: none;"> </div> </div> <p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12pt; line-height: 107%; font-family: 'Times New Roman', serif; margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/>Consistent with the Company’s 2019 cost reduction plan, it continues to evaluate and implement cost reduction strategies as appropriate. Effective December 31, 2020, the Company relocated its corporate headquarters to the site of its manufacturing facility in Rockaway, New Jersey. <span> </span>Although the Basking Ridge lease agreement provides for sublease, the Company will not elect this option in light of the current economic downturn in commercial real estate due to the pandemic and other factors.<span> </span>In December 2020, the Company informed the Basking Ridge landlord of its intention to vacate the Basking Ridge office space on December 31, 2020. The Company is currently in negotiations with the Basking Ridge landlord.<span> </span>Effective December 31, 2020, the Company vacated the Basking Ridge office space. <span>On December 31, 2020, the Company wrote off the net book value of the operating lease right of use asset in the amount of <span style="border-right: none; border-left: none;">$534,493</span> along with the related asset balances totaling $23,050. This charge is reflected in the Company’s Consolidated Statement of Operations for the year ended December 31, 2020, under<span> selling, general and administrative expense</span>.</span></span> </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The incremental borrowing rate used to determine the net present value of the leases at inception was 9.75%.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">This is the incremental borrowing rate that represents the rate of interest that the Company would expect to pay to borrow an amount equal to the lease payments under similar terms. As the Company does not borrow on a collateralized basis, the non-collateralized borrowing rate is used as an input in deriving the incremental borrowing rate.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Following the comprehensive redeployment and cost reduction plan announcement and as required in the lease remeasurement process under Topic 842, the incremental borrowing rate was reassessed and increased to 13.75% at the time of remeasurement. The remeasurement updated the net present value of all operating leases from inception using the new discount rate at June 1, 2019. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">For the years ended December 31, 2020 and <span style="border-left: none; border-right: none;">2019</span>, the Company recognized lease expense of $573,046 and $787,952, respectively. This expense does not include non-lease components associated with the lease agreements as the Company elected not to include such charges as part of the lease expense.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-decoration-line: underline;"><span><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-decoration-line: underline;"><span>Supplemental Balanc</span>e Sheet Information for Operating Leases:</span></p> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-right: none; border-left: none;"> <table cellpadding="0" style="height: 162px; width: 100%; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"> <tbody> <tr style="background-color: #ffffff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"><br/></td> <td colspan="7" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; background-color: #ffffff; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31,</span></td> </tr> <tr style="height: 16px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;"><span style="font-weight: bold;">2020</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;"><span style="font-weight: bold;">2019</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating leases: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 8%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating lease right of use assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 517,257 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">$</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">1,430,641</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating lease liabilities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Current portion of operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 534,547 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">486,445</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Noncurrent operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 885,333 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; border-bottom: 1pt solid #000000; background-color: #cceeff;">1,419,880</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,419,880 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: right; border-bottom: 2.8pt double #000000;">1,906,325</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Weighted average remaining lease term (in years) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5.7 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; text-align: right; background-color: #cceeff;">5.9</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted average discount rate</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">13.75</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">13.75</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">%</td> </tr> </tbody> </table> </div> </div> <p style="margin: 2pt 0pt 0pt;"><br/></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Future minimum lease payments under non-cancellable operating leases as of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;">:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 90.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;"> Financial year </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 11px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2021  </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 11px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 786,584 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2022 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 337,254 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2023 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 142,892 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><span>2024</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;">146,044</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p>2025<br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px;">149,700</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2026 and thereafter </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 526,560 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total future minimum lease payments </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000 !important; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000 !important; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,089,034 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less: Amounts representing interest </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(669,154</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000 !important; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000 !important; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,419,880 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 2019-01-01 3900000 4200000 12 months or less P4Y up to an additional five years P5Y 534493 23050 0.0975 0.1375 573046 787952 <table cellpadding="0" style="height: 162px; width: 100%; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"> <tbody> <tr style="background-color: #ffffff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"><br/></td> <td colspan="7" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; background-color: #ffffff; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31,</span></td> </tr> <tr style="height: 16px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;"><span style="font-weight: bold;">2020</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;"><span style="font-weight: bold;">2019</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating leases: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 8%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating lease right of use assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 517,257 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">$</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">1,430,641</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Operating lease liabilities: </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Current portion of operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 534,547 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">486,445</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Noncurrent operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 885,333 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; border-bottom: 1pt solid #000000; background-color: #cceeff;">1,419,880</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total operating lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,419,880 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: right; border-bottom: 2.8pt double #000000;">1,906,325</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Weighted average remaining lease term (in years) </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5.7 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; text-align: right; background-color: #cceeff;">5.9</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted average discount rate</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">13.75</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">13.75</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">%</td> </tr> </tbody> </table> 517257 1430641 534547 486445 885333 1419880 1419880 1906325 P5Y8M12D P5Y10M24D 0.1375 0.1375 <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 90.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-decoration: underline;"> Financial year </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 11px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2021  </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 11px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 786,584 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2022 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 337,254 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2023 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 142,892 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><span>2024</span></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;">146,044</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p>2025<br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px;">149,700</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2026 and thereafter </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 526,560 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total future minimum lease payments </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000 !important; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000 !important; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,089,034 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less: Amounts representing interest </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(669,154</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt 0pt 0pt 6.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000 !important; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000 !important; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,419,880 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 786584 337254 142892 146044 149700 526560 2089034 669154 1419880 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 9. Cloud Computing Arrangement</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In 2018, the Company entered into a contract to obtain a cloud computing arrangement (“CCA”).</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">In accordance with ASU 2018-15, the implementation costs incurred in the CCA were deferred and recognized as other assets and are being amortized to expense over the noncancelable term of the arrangement. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The implementation of this CCA was completed on June 30, 2019. </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Beginning July 1, 2019, the Company went live with the cloud computing Enterprise Resource Planning system and all future related costs are expensed as incurre<span style="color: #000000;">d. In July 2019, the Company began amortizing the related deferred costs over the remaining period of the noncancelable arrangement. Amortization costs for the year ended December 31, 2020 and 2019 were $</span>282,075<span style="color: #000000;"> and $141,037, respectively. As of December 31, 2020, the remaining term of the lease is approximately three years. The CCA is included under the caption Other assets, net as presented in the Company's balance sheet for the years ended December 31, 2020 and 2019 and is summarized below:</span></span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000;"><br/></span></span></p> <table cellpadding="0" style="height: 75px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #ffffff; height: 21px;"> <td style="background-color: #ffffff; height: 21px;"><br/></td> <td style="background-color: #ffffff; height: 21px;"><br/></td> <td colspan="6" style="background-color: #ffffff; text-align: center; height: 21px; border-bottom: 1pt solid #000000;"><span style="font-weight: bold;">December 31,</span><br/></td> <td style="background-color: #ffffff; text-align: center;"><br/></td> </tr> <tr style="height: 21px;"> <td style="height: 21px;"><br/></td> <td style="height: 21px;"><br/></td> <td style="height: 21px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: center; height: 21px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">2020</span></td> <td style="text-align: center;"><br/></td> <td style="text-align: center;"><br/></td> <td style="text-align: center; height: 21px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="height: 21px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">2019</span></td> <td style="text-align: center;"><br/></td> </tr> <tr style="height: 13px; background-color: #cceeff;"> <td colspan="2" style="height: 13px; background-color: #cceeff; width: 77.5%;">Cloud Computing Arrangement</td> <td style="height: 13px; background-color: #cceeff; text-align: center; width: 0.5%;">$</td> <td style="background-color: #cceeff; height: 13px; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: center; width: 0.5%;"><br/></td> <td style="background-color: #cceeff; text-align: center; width: 0.5%;"><br/></td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;">$</td> <td style="height: 13px; background-color: #cceeff; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: right; width: 0.5%;"><br/></td> </tr> <tr style="height: 10px;"> <td colspan="2" style="height: 10px;">Less: accumulated amortization</td> <td style="height: 10px; text-align: center;"><br/></td> <td style="height: 10px; text-align: right;">423,112</td> <td style="text-align: center;"><br/></td> <td style="text-align: center;"><br/></td> <td style="text-align: center; height: 10px;"><br/></td> <td style="height: 10px; text-align: right;">141,037</td> <td style="text-align: right;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; background-color: #cceeff;"><br/></td> <td style="height: 10px; background-color: #cceeff;">Cloud Computing Arrangement, net</td> <td style="height: 10px; background-color: #cceeff; text-align: center; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">$</td> <td style="background-color: #cceeff; height: 10px; text-align: right; border-top: 1pt solid #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">799,210</td> <td style="background-color: #cceeff; text-align: center;"><br/></td> <td style="background-color: #cceeff; text-align: center;"><br/></td> <td style="background-color: #cceeff; text-align: center; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">$</td> <td style="height: 10px; background-color: #cceeff; text-align: right; border-top: 1pt solid #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">1,081,285</td> <td style="background-color: #cceeff; text-align: right;"><br/></td> </tr> </tbody> </table> 282075 141037 P3Y <table cellpadding="0" style="height: 75px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #ffffff; height: 21px;"> <td style="background-color: #ffffff; height: 21px;"><br/></td> <td style="background-color: #ffffff; height: 21px;"><br/></td> <td colspan="6" style="background-color: #ffffff; text-align: center; height: 21px; border-bottom: 1pt solid #000000;"><span style="font-weight: bold;">December 31,</span><br/></td> <td style="background-color: #ffffff; text-align: center;"><br/></td> </tr> <tr style="height: 21px;"> <td style="height: 21px;"><br/></td> <td style="height: 21px;"><br/></td> <td style="height: 21px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="text-align: center; height: 21px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">2020</span></td> <td style="text-align: center;"><br/></td> <td style="text-align: center;"><br/></td> <td style="text-align: center; height: 21px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="height: 21px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">2019</span></td> <td style="text-align: center;"><br/></td> </tr> <tr style="height: 13px; background-color: #cceeff;"> <td colspan="2" style="height: 13px; background-color: #cceeff; width: 77.5%;">Cloud Computing Arrangement</td> <td style="height: 13px; background-color: #cceeff; text-align: center; width: 0.5%;">$</td> <td style="background-color: #cceeff; height: 13px; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: center; width: 0.5%;"><br/></td> <td style="background-color: #cceeff; text-align: center; width: 0.5%;"><br/></td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;">$</td> <td style="height: 13px; background-color: #cceeff; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: right; width: 0.5%;"><br/></td> </tr> <tr style="height: 10px;"> <td colspan="2" style="height: 10px;">Less: accumulated amortization</td> <td style="height: 10px; text-align: center;"><br/></td> <td style="height: 10px; text-align: right;">423,112</td> <td style="text-align: center;"><br/></td> <td style="text-align: center;"><br/></td> <td style="text-align: center; height: 10px;"><br/></td> <td style="height: 10px; text-align: right;">141,037</td> <td style="text-align: right;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; background-color: #cceeff;"><br/></td> <td style="height: 10px; background-color: #cceeff;">Cloud Computing Arrangement, net</td> <td style="height: 10px; background-color: #cceeff; text-align: center; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">$</td> <td style="background-color: #cceeff; height: 10px; text-align: right; border-top: 1pt solid #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">799,210</td> <td style="background-color: #cceeff; text-align: center;"><br/></td> <td style="background-color: #cceeff; text-align: center;"><br/></td> <td style="background-color: #cceeff; text-align: center; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">$</td> <td style="height: 10px; background-color: #cceeff; text-align: right; border-top: 1pt solid #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">1,081,285</td> <td style="background-color: #cceeff; text-align: right;"><br/></td> </tr> </tbody> </table> 1222322 1222322 423112 141037 799210 1081285 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 10. Accrued Expenses<br/></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/>Accrued expenses as of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and <span style="border-left: none; border-right: none;">2019</span> consisted of the following:<br/><br/></span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2020</span></span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2019</span></span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: rgb(204, 238, 255); width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued professional fees </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 270,543 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,255,494 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued bonuses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,424,878 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 804,082 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="margin-left: 0.1px; height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: rgb(204, 238, 255);">Other employee related expenses</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: rgb(204, 238, 255);">371,033</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: rgb(204, 238, 255);">836,754</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 734,366 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 441,049 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,800,820 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,337,379 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2020</span></span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: rgb(255, 255, 255); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: rgb(255, 255, 255); border-bottom: 0.75pt solid rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2019</span></span></p> </td> <td style="background-color: rgb(255, 255, 255); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: rgb(204, 238, 255); width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued professional fees </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 270,543 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,255,494 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255); width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued bonuses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,424,878 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 804,082 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="margin-left: 0.1px; height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: rgb(204, 238, 255);">Other employee related expenses</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: rgb(204, 238, 255);">371,033</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: rgb(204, 238, 255);">836,754</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);"><br/></td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 734,366 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 441,049 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,800,820 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double rgb(0, 0, 0); border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,337,379 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 270543 1255494 1424878 804082 371033 836754 734366 441049 2800820 3337379 <p style="margin: 8pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 11.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Notes Payable</span></p> <p style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;,times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: italic;"><br/>Loan Under</span><span style="font-style: italic;"><span style="font-size: 10pt;"> the </span><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Paycheck Protection Program</span></span></span></p> <p style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;,times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 6pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">On May 4, 2020, the Company received proceeds of $<span>1.4</span> million in connection with a promissory note (the “Note”) entered into with Citibank, N.A. (the “Lender”) evidencing an unsecured loan (the “Loan”) under the <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Paycheck Protection Program ("</span>PPP"). The PPP is a program of the SBA established under the CARES Act. Under the PPP, the proceeds of the Loan may be used for payroll and certain covered interest payments, lease payments and utility payments (“Qualifying Expenses”). The Company intends to use the entire Loan amount for Qualifying Expenses under the PPP. </span></p> <p style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;,times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 12pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">The interest rate on the Loan is <span>1.0</span>% per annum. The Note matures on<span style="border-left-color: currentColor; border-left-style: none; border-left-width: medium; border-right-color: currentColor; border-right-style: none; border-right-width: medium;"> <span>February 2, 2023</span></span>. On September 2, 2021 (the “First Payment Date”), the Company is required to pay all accrued interest under the Loan that is not forgiven in accordance with the terms of the PPP. Additionally, on the First Payment Date and on the second day of each month thereafter until February 2, 2023, the Company must make equal monthly payments of the amount of principal under the Loan that is not forgiven in accordance with the terms of the PPP and related accrued interest thereon. The Company intends to apply for loan forgiveness under the guidelines of the SBA, which would result in a delay or elimination of the repayment period, if accepted in whole or in part by the Lender and SBA. The Note contains events of default and other conditions customary for a Note of this type.</span></p> <div> <div style="border-left: none; border-right: none;"> </div> </div> <p style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;,times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 12pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">Under the terms of the CARES Act, PPP loan recipients can be granted forgiveness for all or a portion of the loan granted under the PPP, with such forgiveness to be determined, subject to limitations, based on the use of the loan proceeds for payment of Qualifying Expenses and the recipient maintaining its payroll levels over certain required thresholds under the PPP. The terms of any forgiveness also may be subject to further requirements in any regulations and guidelines the SBA may adopt. No assurance can be provided that the Company will obtain forgiveness of the Note in whole or in part. Official guidance and interpretations of the requirements of the program have been limited and have been changing over time. Despite the Company’s good-faith belief that it properly satisfied all eligibility requirements for the PPP loan, there has been increasing scrutiny of public companies that received loans, and there can be no assurance that the Company will not become subject to regulatory or other scrutiny, including a request or requirement for repayment of some or all of the loan.</span></p> <p style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;,times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 12pt 0pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">The Company has accounted for the Loan in accordance with FASB ASC Topic 470, </span><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: italic;">Debt</span><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">. Accordingly, the Loan is reflected as a liability on its Consolidated Balance Sheet as of December 31, 2020, <span style="border-left: none; border-right: none;">$311,604</span> as a current liability and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">$1,097,946</span></span> and as a noncurrent liability. The Company will record a gain if the Loan is forgiven in whole or in part.</span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 10pt 0pt 0pt;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: italic; text-indent: 0%;">Finance and Security Agreements</span> </p> <p style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; margin: 10pt 0pt 0pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">On July 1, 2020, the Company entered into a Commercial Insurance Premium Finance and Security Agreement (“the Agreement”). The Agreement provides for a single borrowing by the Company of $<span>1.2</span> million, with a <span style="-sec-ix-hidden:Tag843">seven</span>-month term and an annual interest rate of <span>2.18</span>%. The proceeds from this transaction were used to partially fund the premiums due under some of the Company’s insurance policies. The amounts payable are secured by the Company’s rights under such policies. The Company began to pay monthly installments of approximately $<span>164,800</span> beginning in July 2020. As of December 31, 2020, the remaining balance un<span style="font-size: 10pt;">der the Agreement was $164,832 </span><span style="font-size: 10pt;">and during the year ended December 31, 2020, the Company recognized $8,339 </span><span style="font-size: 10pt;">in interest expense.</span></p> <p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">On July 1, 2019, the Company entered into a separate Commercial Insurance Premium Finance and Security Agreement (“the 2019 Agreement”). The 2019 Agreement provided for a single borrowing by the Company of $807,347, with a <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="-sec-ix-hidden:Tag844">seven</span></span>-month</span> term, and an annual interest rate of 2.99%. The proceeds from this transaction were used to partially fund the premiums due under some of the Company’s insurance policies. As of</span><span> December 31, 2020, the balance was fully paid. </span><span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">During the years ended December 31, 2020 and 2019, the Company recognized $341 and $3,457 in interest expense, respectively. </span></p> 1400000 0.010 2023-02-02 311604 1097946 1200000 0.0218 164800 164832 8339 807347 0.0299 341 3457 <p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 12. Stockholders’ Equity</span></p> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span><span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Lincoln Park Purchase Agreement</span></span></span></p> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span>On March 27, 2020, the Company and Lincoln Park entered into an equity facility purchase agreement ("Purchase Agreement") pursuant to which the Company has the right to sell to Lincoln Park shares of common stock having an aggregate value of up to $<span>25,000,000</span>, subject to certain limitations and conditions set forth in the purchase agreement.</span></p> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 8pt 0pt 0pt;"> <div style="margin: 0px; text-indent: 0px;"> <div style="border-left: none; border-right: none; margin: 0px; text-indent: 0px;"> <div style="margin: 0px; text-indent: 0px;"> <div style="border-left: none; border-right: none; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Upon entering into the Purchase Agreement with Lincoln Park, the Company issued an aggregate of<span> </span></span><span>461,676</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span> </span>shares of common stock to Lincoln Park as a commitment fee. The fair value of these shares on the date of issuance was approximately $</span><span>186,300</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">. During 2020, the Company issued to an additional 230,838 shares of common stock to Lincoln Park as a </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">further commitment fee</span><span style="font-size: 10pt; font-family: 'Times New Roman'; margin: 6pt 0pt 0pt;"> based on the first $5,000,000 of shares of common stock issued to Lincoln Park <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">under the Purchase Agreement as Purchase Shares (as such term is defined in the Purchase Agreement)</span>. The Company did not receive any cash proceeds from the issuance of any of the foregoing commitment shares. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No further commitment fee shares remain issuable under the Purchase Agreement. </span> The net proceeds under the Purchase Agreement to the Company will depend on the frequency and prices at which shares of common stock are sold to Lincoln Park. Actual sales of shares of common stock to Lincoln Park under the Purchase Agreement and the amount of such net proceeds will depend on a variety of factors, including market conditions, the trading price of the common stock and determinations by the Company as to other available and appropriate sources of funding for the Company. The Company has and expects to continue to use the proceeds from this agreement for general corporate purposes and working capital.</span><br/></div> </div> </div> </div> </div> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="margin: 12pt 0pt 0pt; text-align: start; text-indent: 0px;">During 2020, the Company sold <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">10,179,676</span> shares of common stock under the Purchase Agreement, resulting in aggregate proceeds of approximately $15.5 million to the Company.  </span><span style="font-size: 10pt;">As of December 31, 2020, the Company had the right to sell under the Purchase Agreement approximately $</span><span>9.5</span><span style="font-size: 10pt;"><span> </span>million of additional shares of common stock. See Note. 20 <span style="font-style: italic;">Subsequent Events</span> for further discussion of the Purchase Agreement.</span></p> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 8pt 0pt 0pt;"> <div style="margin: 0px; text-indent: 0px;"> <div id="_com_2" style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Other Securities Purchase Agreements</span><br/></div> </div> </div> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span>On April 14, 2020, the Company entered into a Securities Purchase Agreement (“First SPA”) with certain accredited investors pursuant to which the Company agreed to sell an aggregate of <span>2,058,822</span> shares of common stock at a purchase price of $<span>0.85</span> per share for aggregate proceeds to the Company of approximately $<span>1.75</span> million. Each of the purchasers was an affiliate and/or existing shareholder of the Company, including some members of the Company’s board of directors. In addition, the purchasers were granted customary registration rights as further described in the First SPA.</span></p> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span>On May 14, 2020, the Company entered into a Securities Purchase Agreement (“Second SPA”) with its legal counsel pursuant to which the Company agreed to issue <span>1,564,345</span> shares of common stock, at a purchase price of $<span>0.99</span> per share. Upon issuance of the shares, certain outstanding financial obligations of the Company owed to its legal counsel were deemed paid and satisfied in full. In addition, the Company’s legal counsel was granted customary registration rights as further described in the Second SPA. During 2020, the Company recorded a non-cash charge of $<span>156,434</span> in connection with this transaction.</span></p> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span>On May 18, 2020, the Company entered into a third Securities Purchase Agreement (“Third SPA”) with certain accredited investors pursuant to which the Company agreed to sell an aggregate of <span>505,205</span> shares of common stock at a purchase price of $<span>0.9178</span> per share, for aggregate proceeds to the Company of approximately $<span>0.45</span> million. In addition, the purchasers were granted customary registration rights as further described in the Third SPA.</span></p> <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;"><br/></p> 25000000 461676 186300 230838 5000000 10179676 15500000 9500000 2058822 0.85 1750000 1564345 0.99 156434 505205 0.9178 450000 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 13.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net Loss Per Share </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.</span><span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> </span><span style="color: #000000; font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">Diluted loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities. Restricted stock and unit awards, and stock options have not been included in the diluted loss per share calculation as their inclusion would have had an anti-dilutive effect.</span></span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The potential common stock equivalents that have been excluded from the computation of diluted loss per share consist of the following:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 86px; width: 100%;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding stock options </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,815,585 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,131,266 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested restricted stock and unit awards </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,039,768 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,368,998 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Stock purchase warrants </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 715,199 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">715,199</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="text-align: right;">5,570,552<br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; text-align: right; height: 10px; border-top: 1pt solid #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">5,215,463</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> <p><br/></p> <p>The following table summarizes the stock purchase warrants outstanding as of <span>December 31, 2020 and 2019:</span></p> <p><br/></p> <table style="height: 170px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; text-align: center; height: 17px; width: 33%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;"># of Warrants</span></td> <td style="background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center; width: 32%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">Exercise Price</span></td> <td style="background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center; width: 33%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">Expiration Date</span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">8,576</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">$8.86</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">4/1/2021</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">429,948</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">6/24/2021</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;"> <p>59,731<br/></p> </td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">6/24/2021</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">22,253</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$5.68</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">3/30/2022</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">17,066</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">6/30/2022</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">151,364</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">8/18/2022</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">14,286</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">8/31/2022</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">11,975</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$15.30</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">12/22/2025</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p>715,199<br/></p> </td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><br/></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><br/></td> </tr> </tbody> </table> <p><br/></p> </div> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 86px; width: 100%;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding stock options </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,815,585 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,131,266 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested restricted stock and unit awards </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,039,768 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,368,998 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Stock purchase warrants </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 715,199 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">715,199</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-top: 1pt solid #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="text-align: right;">5,570,552<br/></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; text-align: right; height: 10px; border-top: 1pt solid #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">5,215,463</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> 3815585 3131266 1039768 1368998 715199 715199 5570552 5215463 <table style="height: 170px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; text-align: center; height: 17px; width: 33%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;"># of Warrants</span></td> <td style="background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center; width: 32%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">Exercise Price</span></td> <td style="background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center; width: 33%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="font-weight: bold;">Expiration Date</span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">8,576</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">$8.86</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">4/1/2021</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">429,948</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">6/24/2021</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;"> <p>59,731<br/></p> </td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">6/24/2021</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">22,253</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$5.68</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">3/30/2022</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">17,066</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">6/30/2022</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center;">151,364</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">8/18/2022</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center;">14,286</td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$12.60</span></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;">8/31/2022</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">11,975</td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$15.30</span></td> <td style="background-color: #cceeff; height: 17px;"><br/></td> <td style="background-color: #cceeff; height: 17px; text-align: center;">12/22/2025</td> </tr> <tr style="height: 17px;"> <td style="height: 17px; text-align: center; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p>715,199<br/></p> </td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><br/></td> <td style="height: 17px;"><br/></td> <td style="height: 17px; text-align: center;"><br/></td> </tr> </tbody> </table> 8576 8.86 2021-04-01 429948 12.60 2021-06-24 59731 12.60 2021-06-24 22253 5.68 2022-03-30 17066 12.60 2022-06-30 151364 12.60 2022-08-18 14286 12.60 2022-08-31 11975 15.30 2025-12-22 715199 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 14.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Variable Interest Entity </span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">As discussed in Note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span>, electroCore is the primary beneficiary of electroCore (Aust) Pty Limited. electroCore has contributed certain intellectual property rights, all rights to distribute, market and sell specified products in Australia and New Zealand, and other rights outlined in the shareholders’ deed of electroCore (Aust) Pty Limited in return for <span style="border-left: none; border-right: none;">50</span>% of the shares of such entity. In addition, electroCore can also appoint two of the four directors and can exercise significant influence. This along with the fact that electroCore is electroCore (Aust) Pty Limited’s only supplier causes electroCore, for accounting purposes, to be the primary beneficiary of electroCore (Aust) Pty Limited. The activities related to electroCore (Aust) Pty Limited are not material to the consolidated financial statements. Effective May 2017, the VIE ceased operations.<br/></span></p> 0.50 2 4 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 15. Income Taxes</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The provision for income taxes for the years ended </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and 2019 related to foreign taxes, state minimum tax and a benefit from the sale of state net operating losses. </span></p> <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic and foreign components of the loss before provision for <span>income taxes is <span>as follows: </span></span></span></p> <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br/></p> <table cellpadding="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 80.0211%;"><br/></td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.634249%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Domestic </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(23,706,566</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(43,661,897</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Foreign </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(975,373</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,468,287</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(24,681,940</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(45,130,184</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> </tbody> </table> <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The income tax provision from continuing operations contains the following components:</span></p> <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="height: 136px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2019 </span></p> </td> <td style="border: 1px dashed #bbbbbb; background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Federal </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> State </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">7,712</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Foreign </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">9,987</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total current </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">17,699</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total income tax (benefit) expense </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">17,699</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company has evaluated the available evidence supporting the realization of its deferred tax assets, including the amount and timing of future taxable income, and has determined that it is more likely than not that its net deferred tax assets will not be realized in the United States and certain foreign jurisdictions. Due to uncertainties surrounding the realization of the deferred tax assets, the Company maintains a full valuation allowance against all of its net deferred tax assets. When the Company determines that it will be able to realize some portion or all of its deferred tax assets, an adjustment to its valuation allowance on its deferred tax assets would have the effect of increasing net income in the period such determination is made.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> The net change in the valuation allowance was an increase of $7.8 million.</span><br/></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The significant components of the Company’s deferred income tax assets and liabilities after applying enacted corporate tax rates are as follows:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="height: 343px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 11pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2020</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 19px;"><br/></td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2019</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Net operating loss carryforwards </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">24,319,202</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">18,883,686</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued expenses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">540,072</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">796,849</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Intangibles </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">429,783</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">355,288</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">202,580</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">78,206</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred rent </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">27,019</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Charitable contributions </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11,277</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">19,028</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> R&amp;D credit </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">438,117</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">394,981</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">398,689</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">518,480</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Stock compensation </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,069,124</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">750,449</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">29,435,863</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">21,796,967</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less valuation allowance </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(28,974,378</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(21,171,967)</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"/> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">461,485</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">625,000</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Fixed assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(16,119</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(15,222</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Prepaid expenses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(300,125</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(220,673</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Right of use asset </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(145,241</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(389,105</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred tax liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(461,485</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(625,000</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets, net </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 0pt;"><br/></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">A reconciliation of the income tax provision computed at statutory rates to the reported income tax provision for the years ended </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and 2019 is <span>as follows:</span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 187px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="4" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 18.3432%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 19px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 11pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 7.98817%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 0.887574%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 7.98817%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Statutory rate </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 7.98817%; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 21.0% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 7.98817%; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">21.0</span>% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> State tax expected (recovery), net of federal benefit </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4.2% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">6.7</span>% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 81.213%;">Stock compensation</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;">6.8%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;">—%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 81.213%;">State tax NOL sale</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;">3.7%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;">—%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 0.887574%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nondeductible expenses </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">0.5%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="border-left: none; border-right: none;"> (0.1)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Loss incurred as pass-through </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> —% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> —% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; text-align: left; width: 81.213%;">Other</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; text-align: center; background-color: #cceeff; width: 7.98817%;">0.1</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: center; width: 7.98817%;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Change in valuation allowance for deferred tax assets </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(31.6)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(27.6)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Provision for income taxes </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">4.7%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/>As of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> and <span style="display: inline;">2019</span>, the Company had accumulated net operating losses totaling $<span style="border-left: none; border-right: none;">87.2</span> million and $<span style="border-left: none; border-right: none;">65.7</span> million, respectively, in the U.S. (federal and state), which may be available to carry forward and offset future years' taxable income. </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. federal losses can be carried forward indefinitely, and state losses expire in various amounts beginning in 2026. The Company also had accumulated losses totaling $3.9 million and $3.5 million in Germany which can be carried forward indefinitely. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">However, the NOL carryforwards may be, or become subject to, an annual limitation in the event of certain cumulative changes in the ownership interest of significant stockholders over a three year period in excess of 50%, as defined under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, as well as similar state tax provisions. This could limit the amount of NOLs that the Company can utilize annually to offset future taxable income or tax liabilities. </span><span style="color: #222222; font-family: 'Times New Roman'; font-size: 10pt;">The amount of the annual limitation, if any, will be determined based on the value of the Company immediately prior to an ownership change. Subsequent ownership changes may further affect the limitation in future years. If and when the Company utilizes the NOL carryforwards in a future period, it will perform an analysis to determine the effect, if any, of these loss limitation rules on the NOL carryforward balances</span><span style="color: #222222; font-family: 'Times New Roman'; font-size: 11pt;">.</span></p> <p style="margin: 0in; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10.0pt;"><br/></span></p> <p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1.1; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 2020, <span style="border-left: none; border-right: none;">the Company had Federal and NJ research and development credits of $282,801 and $191,863 respectively. The Federal R&amp;D credits can be carried forward 20 years and will begin to expire in 2038. The New Jersey R&amp;D credits can be carried forward <span style="border-left: none; border-right: none;">seven years</span>  and will begin to expire in 2025.</span></span></p> <p style="margin: 0px; text-indent: 0px;"><br/></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Uncertain Tax Positions</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company has adopted certain provisions of ASC 740, “Income Taxes”, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns. The provisions also provide guidance on the de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company files income tax returns in the U.S. federal jurisdiction, and in various state and foreign jurisdictions. The Company’s tax returns are subject to tax examinations by U.S. federal and state tax authorities, or examinations by foreign tax authorities until the expiration of the respective statutes of limitation. The Company currently has no tax years under examination.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">As of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;">, the Company does not have an accrual relating to uncertain tax positions. Interest and penalties, if any, as they relate to income taxes assessed, are included in the income tax provision. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Coronavirus Aid, Relief, and Economic Security Act</span></span></p> <p style="margin: 12pt 0pt 0pt;"><span style="color: #000000; margin: 12pt 0pt 0pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-size: 10pt; color: black; line-height: inherit;">On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, the "CARES Act", was enacted and signed into law, and GAAP requires recognition of the tax effects of new legislation during the reporting period that includes the enactment date. The CARES Act, among other things, includes changes to the tax provisions that benefits business entities and makes certain technical corrections to the 2017 Tax Cuts and Jobs Act, including, permitting net operating losses, or NOLs, carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The CARES Act provides other reliefs and stimulus measures. The Company has evaluated the impact of the CARES Act, and does not expect that any provision of the CARES Act would result in a material cash benefit to the Company or have a material impact on its financial statements or internal controls over financial reporting.</span></span></p> <table cellpadding="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 80.0211%;"><br/></td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.634249%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Domestic </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(23,706,566</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(43,661,897</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Foreign </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(975,373</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,468,287</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 80.0211%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(24,681,940</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.739958%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.634249%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(45,130,184</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.739958%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> ) </span></p> </td> </tr> </tbody> </table> -23706566 -43661897 -975373 -1468287 -24681940 -45130184 <table cellpadding="0" style="height: 136px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> December 31, 2019 </span></p> </td> <td style="border: 1px dashed #bbbbbb; background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Federal </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> State </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">7,712</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Foreign </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">9,987</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total current </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">17,699</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total income tax (benefit) expense </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,170,890</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">17,699</span></p> </td> <td style="border: 1px dashed #bbbbbb; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> -1170890 7712 9987 -1170890 17699 -1170890 17699 7800000 <table cellpadding="0" style="height: 343px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 11pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2020</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 19px;"><br/></td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2019</span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.5%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Net operating loss carryforwards </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">24,319,202</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">18,883,686</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Accrued expenses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">540,072</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">796,849</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Intangibles </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">429,783</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">355,288</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Inventory </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">202,580</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">78,206</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred rent </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">27,019</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Charitable contributions </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11,277</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">19,028</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> R&amp;D credit </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">438,117</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">394,981</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Lease liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">398,689</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">518,480</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Stock compensation </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,069,124</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">750,449</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">29,435,863</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">21,796,967</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt 0pt 0pt 13.7pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Less valuation allowance </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(28,974,378</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(21,171,967)</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"/> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred tax assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">461,485</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">625,000</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Fixed assets </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(16,119</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(15,222</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Prepaid expenses </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(300,125</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(220,673</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Right of use asset </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(145,241</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(389,105</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total deferred tax liabilities </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(461,485</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(625,000</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Deferred tax assets, net </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 24319202 18883686 540072 796849 429783 355288 202580 78206 27019 11277 19028 438117 394981 398689 518480 3069124 750449 29435863 21796967 28974378 21171967 461485 625000 16119 15222 300125 220673 145241 389105 461485 625000 <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 187px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="4" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 18.3432%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 19px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 11pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 7.98817%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 0.887574%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 7.98817%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Statutory rate </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 7.98817%; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 21.0% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 7.98817%; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">21.0</span>% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> State tax expected (recovery), net of federal benefit </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 4.2% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="border-left: none; border-right: none;">6.7</span>% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 81.213%;">Stock compensation</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;">6.8%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;">—%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 81.213%;">State tax NOL sale</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;">3.7%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; text-align: center; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;">—%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; width: 0.887574%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nondeductible expenses </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">0.5%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="border-left: none; border-right: none;"> (0.1)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Loss incurred as pass-through </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> —% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> —% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; text-align: left; width: 81.213%;">Other</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; text-align: center; background-color: #cceeff; width: 7.98817%;">0.1</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1.47929%;"><br/></td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: center; width: 7.98817%;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.887574%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Change in valuation allowance for deferred tax assets </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(31.6)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 7.98817%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(27.6)%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 81.213%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Provision for income taxes </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">4.7%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 7.98817%;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—%</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 0.887574%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 0.210 0.210 0.042 0.067 0.068 0.037 0.005 -0.001 0.001 -0.316 -0.276 0.047 87200000 65700000 3900000 3500000 P3Y 0.50 282801 191863 P20Y P7Y 1 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 16.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Stock Based Compensation</span></p> <p style="margin: 12pt 0pt 0pt;">On June 21, 2018, the Company adopted the<span> </span>2018<span> </span>Omnibus Equity Incentive Plan (“Plan”). This plan reserved<span> </span>6.2<span> </span>million shares with an increase to be added annually beginning in<span> </span>2019<span> </span>through<span> </span>2028<span> </span>up to<span> </span>4% of the total number of shares of common stock issued and outstanding on a fully diluted basis as of the end of the immediately preceding fiscal year, providing that the aggregate number of additional shares shall not exceed a total of<span> </span>45<span> </span>million shares, and a maximum of<span> </span>40  million shares pursuant to the exercise of stock options. Effective<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> January 1, 2021, the number of shares reserved under the Plan was increased by 2.0 million to approximately 8.9 million.</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> The Company’s policy is to issue new shares of its common stock upon the exercise of stock options, new grants of restricted stock awards, and settlement of restricted stock units. Stock options issued under the plan have a contractual life of<span> </span></span><span style="border-left: none; border-right: none;">10</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"><span> </span>years and are generally forfeited upon separation from the Company. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">The following table presents stock compensation expense recognized by the Company for the years ended December 31, 2020 and 2019.  <span style="font-family: 'Times New Roman'; font-size: 10pt;">Total unrecognized compensation cost related to equity awards as of<span> </span></span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;"> was $5.0<span> </span>million and is expected to be recognized over the next<span> </span>2.3<span> </span>years.</span></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"><br/></span></p> <div> <div> <table cellpadding="0" style="height: 90px; border-collapse: collapse; padding: 2px; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin: 0px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 18.2739%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 12px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><span style="line-height: 107%;">2020</span></b></span> <br/></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><span style="line-height: 107%;">2019</span></b> </span><br/></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Selling, general and administrative </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;">2,360,629</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">2,703,578</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Research and development </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">831,944</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">1,146,268</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cost of goods sold </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">73,738</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">45,935</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; width: 79.5117%;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total expense </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">3,266,311</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;">3,895,781</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> </div> </div> <div> </div> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following table presents a summary of stock option award activity during the year ended December 31, 2020:</span></p> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" style="height: 162px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Options </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Exercise Price </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Remaining Contractual Term (Years) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Aggregate Intrinsic Value </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 63.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,131,266</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.53</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.9</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">  * </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2,019,298</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1.33</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Exercised </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,334,979</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11.93</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding, December 31, 2020 </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,815,585</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">5.56</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.6</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; text-align: left;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;">—<br/></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Exercisable, December 31, 2020 </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1,339,372</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">9.21</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.0</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: left;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;">47,883</p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;"> * de minimis </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; padding-left: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The intrinsic value is calculated as the difference between the fair market value at December 31, 2020 and the exercise price per share of the stock options. Options awards granted to employees generally vest over a <span style="-sec-ix-hidden:Tag850"><span style="border-left: none; border-right: none;">four</span>-year</span> period.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following table provides additional information about stock options that are outstanding and exercisable at December 31, 2020:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; color: #ff0000;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Exercise Price </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Options Outstanding (number) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold;"> Options Outstanding Weighted Average Remaining Contractual Life (Years) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Options Exercisable (number) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $1.40 - $2.50 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,423,235 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.1 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 23.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 468,750 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $2.51 - $7.52 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 347,731 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 8.2 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 159,801 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $7.53 - $15.00 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,044,619 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 7.5 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 710,821 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following table presents a summary of restricted stock award ("RSA" or "RSAs") activity during the year ended December 31, 2020:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Shares </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 80.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 127,505 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 8.09 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Vested </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(79,960</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.97 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(21,900</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.88 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,645 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10.07 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In general, RSAs granted to employees vest over a <span style="-sec-ix-hidden:Tag842"><span style="border-left: none; border-right: none;">four</span>-year</span> period.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The following table presents a summary of restricted and deferred stock unit (“Unit” or "Units") activity during the year ended December 31, 2020:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Shares </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,241,493 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.86 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 732,140 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.91 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Vested </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(690,869</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.31 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(268,641</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.93 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,014,123 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1.50 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In general, Units granted to employees vest over <span style="-sec-ix-hidden:Tag823">two</span> to four years.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Immediately following the Company’s annual meeting of stockholders, the Company generally grants each non-employee director an equity award that vests over a 12-month period. Upon a non-employee director’s initial appointment or election to the board of directors, the Company grants such non-employee director an equity award subject to vesting as determined by the board of directors. </span></p> <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Valuation Information for Stock-Based Compensation</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of each stock option award granted was estimated on the date of grant using the Black-Scholes model. Expected volatility was based on historical common stock volatility of the Company’s peers. Prior to 2020, expected<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> volatility was based on historical volatility of the Company’s common stock. </span>The risk-free interest rate was based on the average U.S. Treasury rate that most closely resembles the expected life of the related award. The expected term of the award was calculated using the simplified method. No dividend was assumed as the Company does not pay regular dividends on its common stock and does not anticipate paying any dividends in the foreseeable future.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The weighted average assumptions used in the Black-Scholes option pricing model in valuing stock options granted in the periods presented were:</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 102px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Fair value at grant date </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.98 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3.39 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Expected volatility </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; height: 17px; margin-left: 0.1px; vertical-align: bottom;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 134.2% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 95.9% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Risk-free interest rate </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.7% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.1% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Expected holding period, in years </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 6.1 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5.9 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Dividend yield </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 2pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of RSAs and Units is the market close price of the Company’s common stock on the trading day immediately preceding the date of grant.</span></p> 6200000 0.04 45000000 40000000 2.0 8.9 P10Y 5000000.0 P2Y3M18D <table cellpadding="0" style="height: 90px; border-collapse: collapse; padding: 2px; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin: 0px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 18.2739%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 12px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><span style="line-height: 107%;">2020</span></b></span> <br/></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 1pt solid #000000; width: 8.5%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><span style="line-height: 107%;">2019</span></b> </span><br/></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Selling, general and administrative </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;">2,360,629</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">2,703,578</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Research and development </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">831,944</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">1,146,268</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 79.5117%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cost of goods sold </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">73,738</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">45,935</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; width: 79.5117%;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Total expense </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">3,266,311</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;">3,895,781</p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.636943%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> 2360629 2703578 831944 1146268 73738 45935 3266311 3895781 <table cellpadding="0" style="height: 162px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Options </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Exercise Price </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Remaining Contractual Term (Years) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Aggregate Intrinsic Value </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 63.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,131,266</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.53</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.9</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">  * </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2,019,298</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1.33</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Exercised </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,334,979</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11.93</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Outstanding, December 31, 2020 </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">3,815,585</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">5.56</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.6</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; text-align: left;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;">—<br/></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Exercisable, December 31, 2020 </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1,339,372</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">9.21</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.0</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: left;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;">47,883</p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;"> * de minimis </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; padding-left: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 3131266 8.53 P8Y10M24D 2019298 1.33 1334979 11.93 3815585 5.56 P8Y7M6D 1339372 9.21 P8Y 47883 <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Exercise Price </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Options Outstanding (number) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold;"> Options Outstanding Weighted Average Remaining Contractual Life (Years) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Options Exercisable (number) </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $1.40 - $2.50 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,423,235 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.1 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 23.5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 468,750 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $2.51 - $7.52 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 347,731 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 8.2 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 159,801 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $7.53 - $15.00 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,044,619 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 7.5 </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 710,821 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 1.40 2.50 2423235 P9Y1M6D 468750 2.51 7.52 347731 P8Y2M12D 159801 7.53 15.00 1044619 P7Y6M 710821 <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Shares </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 80.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 127,505 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 8.09 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> — </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Vested </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(79,960</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.97 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(21,900</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 9.88 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,645 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 10.07 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> 127505 8.09 79960 9.97 21900 9.88 25645 10.07 <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Number of Shares </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2019 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,241,493 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.86 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Granted </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 732,140 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.91 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Vested </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(690,869</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.31 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Cancelled </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(268,641</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.93 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Nonvested, December 31, 2020 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,014,123 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1.50 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 1241493 2.86 732140 0.91 690869 2.31 268641 2.93 1014123 1.50 P4Y P12M <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 102px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;"> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 81%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Fair value at grant date </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.98 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 3.39 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Expected volatility </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; height: 17px; margin-left: 0.1px; vertical-align: bottom;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 134.2% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 95.9% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Risk-free interest rate </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 0.7% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 2.1% </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Expected holding period, in years </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 6.1 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 5.9 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Dividend yield </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> 0.98 3.39 1.342 0.959 0.007 0.021 P6Y1M6D P5Y10M24D <p style="margin: 8pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 17.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> Employee 401(K) Plan</span></p> <p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; margin: 6pt 0pt 0pt;">The Company has a defined contribution <span style="border-left: none; border-right: none;">401</span>(k) plan which covers all employees. Employees are eligible upon date of hire. Employee contributions are voluntary and are based on specific percentages of compensation, which may not exceed ma<span style="font-family: 'Times New Roman'; font-size: 10pt;">ximum amounts established by Internal Revenue Code. Employer contributions are discretionary. </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>The maximum Company matching contribution is $0.25 per dollar subject to a limit of 3</span><span>%</span><span> of eligible employee compensation. The Company's expense for contributions to its defined contribution plan totaled </span><span>$15,600</span><span> for </span><span>2020. </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;">There were no employer contributions for the year ended December 31, 2019.</span></p> 0.25 0.03 15600 0 <p style="margin: 0px; text-indent: 0px;"><span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note <span style="border-left: none; border-right: none;">18</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span class="selected" style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Commitments and Contingencies</span></span></p> <p style="margin: 0px; text-indent: 0px;"><span><span class="selected" style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><br/></span></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Stockholders Litigation</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">On July 8, 2019 and August 1, 2019, purported stockholders of the Company served putative class action lawsuits in the Superior Court of New Jersey for Somerset County, captioned </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Paul Kuehl vs. electroCore, Inc., et al.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, Docket No. SOM-L 000876-19 and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Shirley Stone vs. electroCore, Inc., et al.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, Docket No. SOM-L 001007-19, respectively. In addition to the Company, the defendants included present and past directors and officers, Evercore Group L.L.C., Cantor Fitzgerald &amp; Co., JMP Securities LLC and BTIG, LLC, the underwriters for its IPO; and two of the Company’s stockholders. On August 15, 2019, the Superior Court entered an order consolidating the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Kuehl</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Stone</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> actions, which proceeded under Docket No. SOM-L 000876-19. Each plaintiff was appointed a co-lead plaintiff. The plaintiffs filed a consolidated amended complaint, which sought certification of a class of stockholders who purchased common stock in the IPO or whose purchases are traceable to that offering. The consolidated amended complaint alleged that the defendants violated Sections 11, 12(a)(2) and 15 of the Securities Act with respect to the registration statement and related prospectus for the IPO. The complaint sought unspecified compensatory damages, interest, costs and attorneys’ fees. On October 31, 2019, the Company and the other defendants filed a motion to dismiss the complaint or in the alternative to stay the action in favor of the pending federal action (discussed below).</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> On February 21, 2020 the court granted the defendants’ motion to dismiss the consolidated amended complaint with prejudice. On March 2, 2020 the court entered an amended order dismissing the consolidated amended complaint with prejudice. On March 27, 2020, the plaintiffs filed a notice of appeal with the N.J. Superior Court – Appellate Division. The appeal was fully briefed as of July 17, 2020. The date for argument of the appeal has not yet been set.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">On September 26, 2019 and October 31, 2019, purported stockholders of the Company served putative class action lawsuits in the United States District Court for the District of New Jersey captioned </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Allyn Turnofsky vs. electroCore, Inc., et al.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, Case 3:19-cv-18400, and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Priewe vs. electroCore, Inc., et al.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, Case 1:19-cv-19653, respectively. In addition to the Company, the defendants include present and past directors and officers, and Evercore Group L.L.C., Cantor Fitzgerald &amp; Co., JMP Securities LLC and BTIG, LLC, the underwriters for the IPO. The plaintiffs each seek to represent a class of stockholders who (i) purchased the Company’s common stock in the IPO or whose purchases are traceable to the IPO, or (ii) who purchased common stock between the IPO and September 25, 2019. The complaints each alleged that the defendants violated Sections 11 and 15 of the Securities Act and Sections 10(b) and 20(a) of the Exchange Act, with respect to (i) the registration statement and related prospectus for the IPO, and (ii) certain post-IPO disclosures filed with the SEC. The complaints sought unspecified compensatory damages, interest, costs and attorneys’ fees.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">In the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Turnofsky</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> case, on November 25, 2019 several plaintiffs and their counsel moved to be selected as lead plaintiff and lead plaintiff’s counsel. On April 24, 2020. the Court granted the motion of Carole Tibbs and the firm Bragar, Eagel &amp; Squire, P.C. On July 17, 2020 the plaintiffs filed an amended complaint in <span style="font-style: italic;">Turnofsky</span>. In addition to the prior claims, the amended complaint added an additional director defendant and two investors as defendants and adds a claim against the Company and the underwriters for violating Section 12(a)(2) of the Securities Act. On September 15, 2020, the Company and the other defendants filed a motion to dismiss the amended complaint for failure to state a claim. On November 6, 2020, the plaintiffs filed their opposition to the motion to dismiss. The Company and the other defendants filed reply papers in support of the motion on December 7, 2020. Argument on the motion to dismiss has not yet been scheduled. The parties have agreed to a non-binding mediation with JAMS, which will occur on March 30, 2021.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Priewe </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">case was voluntarily dismissed on February 19, 2020.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 6pt 0in 0in; line-height: 12pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; color: #000000;">On March 4, 2021, purported stockholder Richard Martz brought a purported stockholder derivative action in the United States District Court for the District of New Jersey. The action is captioned Richard Maltz, derivatively on behalf of electroCore, Inc., vs. Francis R. Amato, et al., Case 3:21-cv-04135. The defendants include present and past directors and officers of the Company.<span style="mso-spacerun: yes;">  </span>The plaintiff purports to pursue derivative claims on behalf of the Company in connection with the IPO and actions occurring between the IPO and September 25, 2019.<span style="mso-spacerun: yes;">  </span>The complaint alleges that demand on the board of directors is excused.<span style="mso-spacerun: yes;">  </span>The complaint purports to allege claims against the defendants for violating Section 14(a) of the Exchange Act, breaching fiduciary duties, unjust enrichment and waste of corporate assets.<span style="mso-spacerun: yes;">  </span>The complaint also purports to allege claims for contribution in connection with the Turnofsky case described above, pursuant to Section 11(f) of the Securities Act and Sections 10(b) and 21D of the Exchange Act. The complaint seeks unspecified compensatory damages, interest, costs and attorneys’ fees; declaratory relief; and an order requiring changes to corporate governance and internal procedures and a vote on proposed amendments to the Bylaws and Certificate of Incorporation.<span style="mso-spacerun: yes;"> </span></span><span style="font-size: 10pt;">On March 8, 2021, purported stockholder Erin Yuson brought a purported stockholder derivative action in the United States District Court for the District of New Jersey. The action is captioned Erwin Yuson, derivatively on behalf of electroCore, Inc., vs. Francis R. Amato, et al., Case 3:21-cv-04481. The defendants include present and past directors and officers of the Company.<span>  </span>The plaintiff purports to pursue derivative claims on behalf of the Company in connection with a 2019 proxy statement and actions occurring from the IPO through September 25, 2019.<span>  </span>The complaint alleges that demand on the board of directors is excused.<span>  </span>The complaint purports to allege claims against the defendants for violating Section 14(a) of the Exchange Act and breaching fiduciary duties. The complaint seeks unspecified compensatory damages, interest, costs and attorneys’ fees; declaratory relief; and an order requiring changes to corporate governance and internal procedures and a vote on proposed amendments to the Bylaws and Certificate of Incorporation.</span><span style="font-size: 12pt;"> </span></p> <p style="margin: 0px; text-indent: 0px;"><br/></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company intends to continue to vigorously defend itself in these matters. However, in light of, among other things, the preliminary stage of these litigation matters, the Company is unable to determine the reasonable probability of loss or a range of potential loss. Accordingly, the Company has not established an accrual for potential losses, if any, that could result from any unfavorable outcome, and there can be no assurance that these litigation matters will not result in substantial defense costs and/or judgments or settlements that could adversely affect the Company’s financial condition.</span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company expenses associated legal fees in the period they are incurred.</span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0px;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Settlement Agreement</span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0px;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;"><br/></span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0px;"><span style="font-family: &amp;quot; times new roman&amp;quot;; font-size: 10pt;">In January 2019, the Company settled a dispute with one of its former advisors, Madison Global Partners ("Madison Global"), which had filed a complaint against the Company in the Supreme Court of the State of New York, County of New York (Index No. 652329/2018). As part of that settlement, the Company paid Madison Global $<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">325,000</span> and issued to Madison Global and its representatives warrants to purchase in the aggregate <span>62,181</span> shares of its common stock at prices ranging from $<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5.68</span> per share to $<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12.60</span> per share. In January 2019, <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5,192</span></span> warrants with an exercise price of $<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.33px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-left: none; border-right: none;">5.68</span></span> were issued and the expense was recognized. All other amounts were accrued in prior accounting periods. <span>The warrants issued are shown in the <span>following table:</span></span></p> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0px;"><span><span><br/></span></span></p> <table style="height: 50px; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="height: 10px; margin: 0px; text-indent: 0px;"> <td style="height: 10px; background-color: #ffffff; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;"># Warrants</span></td> <td style="background-color: #ffffff; height: 10px;"><br/></td> <td style="height: 10px; background-color: #ffffff; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;">Exercise Price</span></td> <td style="background-color: #ffffff; text-align: center;"><br/></td> <td style="height: 10px; background-color: #ffffff; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;">Expiration Dates</span></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">8,576</td> <td style="height: 10px; text-align: left; width: 0.5%; background-color: #cceeff;">$</td> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">8.86</td> <td style="text-align: center; width: 0.5%; background-color: #cceeff;"><br/></td> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">April 1, 2021</td> </tr> <tr style="height: 10px;"> <td style="height: 10px; text-align: center;">22,253</td> <td style="height: 10px; text-align: left;">$</td> <td style="height: 10px; text-align: center;">5.68</td> <td style="text-align: center;"><br/></td> <td style="height: 10px; text-align: center;">March 30, 2022</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; text-align: center; background-color: #cceeff;">17,066</td> <td style="height: 10px; text-align: left; background-color: #cceeff;">$</td> <td style="height: 10px; text-align: center; background-color: #cceeff;">12.60</td> <td style="text-align: center; background-color: #cceeff;"><br/></td> <td style="height: 10px; text-align: center; background-color: #cceeff;">June 30, 2022</td> </tr> <tr style="height: 10px;"> <td style="height: 10px; text-align: center;">14,286</td> <td style="height: 10px; text-align: left;">$</td> <td style="height: 10px; text-align: center;">12.60</td> <td style="text-align: center;"><br/></td> <td style="height: 10px; text-align: center;">August 31, 2022</td> </tr> </tbody> </table> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Purchase Commitments</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company enters into contracts in the normal course of business with contract research organizations for its clinical trials, contract manufacturing organizations for the manufacture and supply of its clinical and commercial product needs and other vendors for other research and development and commercial activities, as well as services and products for operating purposes. The Company’s agreements generally provide for termination with notice. Such agreements that are cancelable contracts are not included as purchase commitments. The Company has included as purchase obligations its commitments under agreements to the extent they are quantifiable and are not cancelable.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company has purchase obligations of approximate<span style="color: #000000;">ly $2.3 </span>million as of </span>December 31, 2020<span style="font-family: 'Times New Roman'; font-size: 10pt;">.</span></p> 1 325000 62181 5.68 12.60 5192 5.68 <table style="height: 50px; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="height: 10px; margin: 0px; text-indent: 0px;"> <td style="height: 10px; background-color: #ffffff; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;"># Warrants</span></td> <td style="background-color: #ffffff; height: 10px;"><br/></td> <td style="height: 10px; background-color: #ffffff; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;">Exercise Price</span></td> <td style="background-color: #ffffff; text-align: center;"><br/></td> <td style="height: 10px; background-color: #ffffff; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span style="border-left: none; border-right: none; font-weight: bold;">Expiration Dates</span></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">8,576</td> <td style="height: 10px; text-align: left; width: 0.5%; background-color: #cceeff;">$</td> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">8.86</td> <td style="text-align: center; width: 0.5%; background-color: #cceeff;"><br/></td> <td style="height: 10px; text-align: center; width: 33%; background-color: #cceeff;">April 1, 2021</td> </tr> <tr style="height: 10px;"> <td style="height: 10px; text-align: center;">22,253</td> <td style="height: 10px; text-align: left;">$</td> <td style="height: 10px; text-align: center;">5.68</td> <td style="text-align: center;"><br/></td> <td style="height: 10px; text-align: center;">March 30, 2022</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; text-align: center; background-color: #cceeff;">17,066</td> <td style="height: 10px; text-align: left; background-color: #cceeff;">$</td> <td style="height: 10px; text-align: center; background-color: #cceeff;">12.60</td> <td style="text-align: center; background-color: #cceeff;"><br/></td> <td style="height: 10px; text-align: center; background-color: #cceeff;">June 30, 2022</td> </tr> <tr style="height: 10px;"> <td style="height: 10px; text-align: center;">14,286</td> <td style="height: 10px; text-align: left;">$</td> <td style="height: 10px; text-align: center;">12.60</td> <td style="text-align: center;"><br/></td> <td style="height: 10px; text-align: center;">August 31, 2022</td> </tr> </tbody> </table> 8576 8.86 2021-04-01 22253 5.68 2022-03-30 17066 12.60 2022-06-30 14286 12.60 2022-08-31 2300000 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 19.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Restructuring Charges and Other Related Charges</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 4.5pt; font-weight: bold;"><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"><br/></span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 4.5pt; font-weight: bold;"><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">The following table provides a summary of the Company’s restructuring and other related charges for the years end December 31, 2020 and 2019:</span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 4.5pt; font-weight: bold;"><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"><br/></span></span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FIA17UCWUO00000000000000000000b"> <table cellpadding="0" style="height: 98px; border-collapse: collapse; padding: 2px; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 11px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 11pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 80.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Employee separation costs </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 271,164 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,997,292 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Payment in lieu of severance </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 175,000 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other restructuring costs </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,442 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 11pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 464,606 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,997,292 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div><br/></div> </div> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 4.5pt; font-weight: bold; background-color: #ffff00;"><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important; background-color: #ffff00;"><span style="background-color: #ffffff;"><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important; background-color: #ffffff;">As of </span>December 31, 2020<span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important; background-color: #ffffff;">, $25,000 </span><span style="color: #222222; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; background-color: #ffff00;"/><span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important; background-color: #ffffff;">is payable by the Company in connection with the above described charges. This amount is included under the caption Accrued expenses and other current liabilities in the Company’s Consolidated Balance Sheet as of </span>December 31, 2020</span></span></span></p> <div id="fs_E5190VUMCW00000000000000000000B"> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Restructuring charges</span></p> </div> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">On May 29, 2019, the Company announced significant adjustments to the deployment of personnel and resources across the organization. The effort was intended to focus the Company on currently available and near-term revenue opportunities and on clinical programs specifically designed to expand the gammaCore product labeling. To achieve this goal, the Company reduced the size of its organizational structure, including its field sales force and clinical operations.</span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The costs associated with this initiative primarily represent severance and other costs associated with employee terminations, the majority of which have been settled in cash, and totaled approximately $1,050,000. In June 2019, as part of this process, the Company formally communicated the termination of employment to <span style="border-left: none; border-right: none;">32</span> employees, and as of September 30, 2019, the Company had terminated all of these employees. </span></p> <p style="margin: 12pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Other Severance Related Charges</span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>In January 2020, the Company entered into a separation agreement with a former officer which agreement required an aggregate severance payment of $190,000 over a six-month period. In January 2020, the Company also entered into an agreement with a new employee that requires the unconditional payment of $175,000, in lieu of future severance to be paid in equal monthly installments over a fourteen-month period.</span><span> </span></span></p> <p style="margin: 6pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">On June 10, 2019, Frank Amato, the Company’s former Chief Executive Officer, offered his resignation. The Company entered into a Separation Agreement with Mr. Amato, pursuant to which he remained as Chief Executive Officer and a <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">member of the </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;">board until September 30, 2019 (the “Separation Date”). Pursuant to the Separation Agreement, Mr. Amato was paid $800,000<span> </span>on October 1, 2019. In addition, all options to purchase Company common stock held by Mr. Amato continued to vest through the Separation Date and remain exercisable until the<span> </span>one-year anniversary of the Separation Date. All restricted stock units held by Mr. Amato continued to vest through the Separation Date. </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Since Mr. Amato provided substantial se</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">rvices to the Company, the Company recognized all costs related to the Separation Agreement over the period from June 10, 2019 to September 30, 2<span>019. In connection with the Separation Agreement, the Company recorded a cash charge of $800,000 during the year ended<span> </span><span style="border-left: none; border-right: none;">December 31, 2020.</span></span></span></p> <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Effective July 31, 2019, the Company entered into a Separation Agreement with a former officer. Pursuant to the agreement, a severance payment of $147,500<span> </span>was recognized and is to be paid evenly over the subsequent<span> </span>six<span> </span>months. </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FIA17UCWUO00000000000000000000b"> <table cellpadding="0" style="height: 98px; border-collapse: collapse; padding: 2px; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 11px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 11pt;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 11px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span> 2020 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> <p style="margin: 0pt; text-align: center;"><span> 2019 </span></p> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 80.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Employee separation costs </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 271,164 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,997,292 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Payment in lieu of severance </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 175,000 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Other restructuring costs </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,442 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">—</span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: Calibri; font-size: 11pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 464,606 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> $ </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,997,292 </span></p> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt;">   </span></p> </td> </tr> </tbody> </table> </div> </div> </div> </div> 271164 1997292 175000 18442 464606 1997292 25000 1050000 32 190000 175000 800000 800000 147500 <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note 20.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Subsequent Events</span></p> <p style="margin: 18pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Sale of Common Stock and Termination of Purchase Agreement</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><br/></span></p> <p style="margin: 6pt 0in 0in; background: white; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1.1;"><span style="font-size: 10pt; color: #000000; line-height: inherit;">In January 2021, the Company sold <span style="line-height: inherit;">2,750,000</span> shares of the Company’s common stock under its purchase agreement with Lincoln Park ("Purchase Agreement"), resulting in aggregate proceeds of approximately $<span style="line-height: inherit;">6.9</span> million to the Company.  On March 11</span><span style="font-size: 10pt; color: #000000; line-height: inherit;">, 2021, the Company terminated its Purchase Agreement with Lincoln Park</span><span style="font-size: 10pt; color: #000000; line-height: inherit;"><span style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000; line-height: inherit;">. </span></span></p> 2750000 6900000 Reflects commitment shares issued in accordance with the Company's equity facility purchase agreement with Lincoln Park Capital. For additional information see Note 12. Stockholders' Equity, Lincoln Park Purchase Agreement.