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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/01/20 MOVING iMAGE TECHNOLOGIES INC. S-1/A 9/30/20 8:3.5M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: S-1/A Pre-Effective Amendment to Registration Statement HTML 923K (General Form) 2: EX-3.1 Articles of Incorporation/Organization or Bylaws HTML 15K 3: EX-3.2 Articles of Incorporation/Organization or Bylaws HTML 96K 4: EX-5.1 Opinion of Counsel re: Legality HTML 21K 5: EX-23.1 Consent of Expert or Counsel HTML 7K 6: EX-99 Ex-99-1A HTML 7K 7: EX-99 Ex-99-1B HTML 7K 8: EX-99 Ex-99-1C HTML 7K
tm2024097-3_s1a - block - 19.7634542s |
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Delaware
(State or jurisdiction of incorporation or organization) |
| |
3861
(Primary Standard Industrial Classification Code Number) |
| |
85-1836381
(I.R.S. Employer Identification No.) |
|
|
Thomas J. Poletti, Esq.
Katherine J. Blair, Esq. Manatt, Phelps & Phillips, LLP 695 Town Center Drive, 14th Floor Costa Mesa, California 92626 (714) 371-2501 |
| |
Ralph V. De Martino, Esq.
Cavas S. Pavri, Esq. Schiff Hardin LLP 901 K Street, NW, Suite 700 Washington, DC 20001 (202) 724-6848 |
|
| Large accelerated filer ☐ | | | Accelerated filer ☐ | |
| Non-accelerated filer ☒ | | | Smaller reporting company ☒ | |
| | | | Emerging growth company ☒ | |
Title of each class of securities to be registered
|
| |
Proposed Maximum
Aggregate Offering Price(1)(2) |
| |
Amount of
Registration Fee(3) |
| ||||||
Common Stock, par value $0.0001 per share(4)
|
| | | $ | 12,075,000 | | | | | $ | 1,567.34 | | |
Underwriters’ Warrants
|
| | | $ | — | | | | | $ | — | | |
Common Stock issuable upon exercise of Underwriters’ Warrants(4)(5)
|
| | | $ | 754,688 | | | | | $ | 97.96 | | |
Total
|
| | | $ | 12,829,688 | | | | | $ | 1,665.30* | | |
| | |
Per Share
|
| |
Without
Over-allotment option |
| |
With
Over-allotment option |
| |||||||||
Public Offering Price
|
| | | $ | | | | | $ | | | | | $ | | | |||
Underwriting discounts and commissions paid(1)
|
| | | $ | | | | | | $ | | | | | $ | | | ||
Proceeds, before expenses, to us
|
| | | $ | | | | | | $ | | | | | $ | | | |
| | |
Page
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| | | | F-1 | | |
| | |
Year Ended
June 30, |
| |||||||||
| | | | |
2020
|
| |||||||
| | |
(in thousands, except share and per
share data) |
| |||||||||
Statement of Operations Data: | | | | | | | | | | | | | |
Net sales
|
| | | $ | 20,812 | | | | | $ | 16,367 | | |
Cost of sales
|
| | | | 15,575 | | | | | | 12,033 | | |
Gross profit
|
| | | | 5,237 | | | | | | 4,334 | | |
Expenses:
|
| | | | | | | | | | | | |
Research and development
|
| | | | 318 | | | | | | 240 | | |
Selling, general and administrative
|
| | | | 4,958 | | | | | | 4,714 | | |
Other expense (income), net
|
| | | | (4) | | | | | | 263 | | |
Total expenses
|
| | | | 5,272 | | | | | | 5,217 | | |
Net loss
|
| | | $ | (35) | | | | | $ | (883) | | |
Pro Forma C Corporation Information (Unaudited) | | | | ||||||||||
| | | | | | | | | |||||
Historical net loss before income taxes
|
| | | $ | (35) | | | | | | (883) | | |
Pro forma benefit from income taxes
|
| | | | (10) | | | | | | (247) | | |
Pro forma net loss
|
| | | $ | (25) | | | | | $ | (636) | | |
Pro forma net loss per common share basic(1)(2)
|
| | | $ | (.01) | | | | | $ | (.11) | | |
Pro forma shares outstanding basic(2)
|
| | | | 5,666,667 | | | | | | 5,666,667 | | |
Pro forma net loss per common share diluted(1)(2)
|
| | | $ | (.01) | | | | | $ | (.11) | | |
Pro forma shares outstanding diluted(2)
|
| | | | 5,666,667 | | | | | | 5,666,667 | | |
| | |
As of June 30, 2020
|
| |||||||||
| | |
Actual
|
| |
As Adjusted(1)(3)
|
| ||||||
| | |
(in thousands)
|
| |||||||||
Balance Sheet Data: | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,058 | | | | | $ | 10,080 | | |
Working capital (working capital deficit)
|
| | | | (983) | | | | | | 8,039 | | |
Total assets
|
| | | | 5,704 | | | | | | 14,145 | | |
Total members’ (deficit)/stockholders’ equity
|
| | | | (969) | | | | | | 7,472 | | |
| | |
As of June 30, 2020(1)(2)
|
| |||||||||||||||
| | |
Actual
|
| |
Pro Forma
|
| |
Pro Forma
As Adjusted |
| |||||||||
| | |
(in thousands, except share and per share data)
|
| |||||||||||||||
Cash and cash equivalents
|
| | | $ | 1,058 | | | | | $ | 1,848 | | | | | $ | 10,080 | | |
Long term debt
|
| | | $ | 2,132 | | | | | $ | 2,132 | | | | | $ | 2,132 | | |
Stockholders’/members’ equity: | | | | | | | | | | | | | | | | | | | |
Preferred stock, $0.0001 par value; no shares authorized, issued or outstanding, actual; 10,000,0000 authorized, no shares issued or outstanding actual, pro forma and pro forma as adjusted
|
| | | | — | | | | | | — | | | | | | — | | |
Common stock, $0.0001 par value; no shares authorized, no shares issued and outstanding, actual; 100,000,000 shares authorized, 5,666,667 shares issued and outstanding, pro forma; 100,000,000 shares authorized, 9,166,667 shares issued and outstanding, pro forma as adjusted
|
| | | | — | | | | | | 6 | | | | | | 9 | | |
Members’ deficit
|
| | | | (11,660) | | | | | | — | | | | | | — | | |
Additional paid-in capital
|
| | | | — | | | | | | (10,775) | | | | | | (3,228) | | |
Accumulated earnings
|
| | | | 10,691 | | | | | | 10,691 | | | | | | 10,691 | | |
Total stockholders’/members’ equity (deficit)
|
| | | | (969) | | | | | | (78) | | | | | | 7,472 | | |
Total capitalization
|
| | | $ | 1,163 | | | | | $ | 2,054 | | | | | $ | 9,604 | | |
|
Assumed initial public offering price per share
|
| | | | | | | | | $ | 3.00 | | |
|
Pro forma net tangible book value as of June 30, 2020
|
| | | $ | | | | | | (.37) | | | |
|
Increase attributable to new investors in this offering
|
| | | $ | | | | | | 1.04 | | | |
|
Adjusted pro forma net tangible book value after this offering
|
| | | $ | | | | | | .67 | | | |
|
Dilution in pro forma net tangible book value to new investors in this offering
|
| | | | | | | | | $ | 2.33 | | |
| | |
Shares
Acquired |
| |
Total
Consideration |
| |
Average
Price Per Share |
| |||||||||||||||||||||
| | |
Number
|
| |
Percent
|
| |
Amount
|
| |
Percent
|
| ||||||||||||||||||
Existing stockholders
|
| | | | 5,666,667 | | | | | | 61.8% | | | | | $ | 1,114,029 | | | | | | 9.6% | | | | | $ | 0.20 | | |
New investors in this offering
|
| | | | 3,500,000 | | | | | | 38.2% | | | | | | 10,500,000 | | | | | | 91.4% | | | | | $ | 3.00 | | |
Total
|
| | | | 9,166,667 | | | | | | 100.0% | | | | | $ | 11,614,029 | | | | | | 100.0% | | | | | | | | |
| | |
Year Ended
June 30, |
| |||||||||
| | | | |
2020
|
| |||||||
Net sales
|
| | | $ | 20,812 | | | | | $ | 16,367 | | |
Cost of sales
|
| | | | 15,575 | | | | | | 12,033 | | |
Gross profit
|
| | | | 5,237 | | | | | | 4,334 | | |
Operating expenses: | | | | | | | | | | | | | |
Research and development
|
| | | | 318 | | | | | | 240 | | |
Selling and marketing
|
| | | | 2,455 | | | | | | 2,295 | | |
General and administrative
|
| | | | 2,503 | | | | | | 2,419 | | |
Total expenses
|
| | | | 5,276 | | | | | | 4,954 | | |
Operating income (loss)
|
| | | | (39) | | | | | | (620) | | |
Other expense (income) | | | | | | | | | | | | | |
Interest expense
|
| | | | — | | | | | | 263 | | |
Interest and other income
|
| | | | (4) | | | | | | — | | |
Total other expense (income)
|
| | | | (4) | | | | | | 263 | | |
Net loss
|
| | | $ | (35) | | | | | $ | (883) | | |
| | |
Year Ended
June 30, |
| |||||||||
| | | | |
2020
|
| |||||||
ASSETS
|
| | | ||||||||||
Current Assets: | | | | | | | | | | | | | |
Cash
|
| | | $ | 582 | | | | | $ | 1,058 | | |
Accounts receivable, net
|
| | | | 2,128 | | | | | | 809 | | |
Inventories, net
|
| | | | 1,683 | | | | | | 1,594 | | |
Prepaid expenses and other
|
| | | | 99 | | | | | | 77 | | |
Total Current Assets
|
| | | | 4,492 | | | | | | 3,538 | | |
Long-Term Assets: | | | | | | | | | | | | | |
Property, plant and equipment, net
|
| | | | 32 | | | | | | 151 | | |
Intangibles, net
|
| | | | — | | | | | | 1,030 | | |
Goodwill
|
| | | | — | | | | | | 287 | | |
Other assets
|
| | | | 188 | | | | | | 698 | | |
Total Long-Term Assets
|
| | | | 220 | | | | | | 2,166 | | |
Total Assets
|
| | | $ | 4,712 | | | | | $ | 5,704 | | |
LIABILITIES AND MEMBERS’ DEFICIT | | | | | | | | | | | | | |
Current Liabilities: | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 2,926 | | | | | $ | 2,694 | | |
Accrued liabilities
|
| | | | 793 | | | | | | 454 | | |
Customer deposits
|
| | | | 1,011 | | | | | | 828 | | |
Current portion – line of credit
|
| | | | — | | | | | | 75 | | |
Current portion – notes payable
|
| | | | — | | | | | | 444 | | |
Unearned warranty revenue
|
| | | | 68 | | | | | | 26 | | |
Total Current Liabilities
|
| | | | 4,798 | | | | | | 4,521 | | |
Long-Term Liabilities: | | | | | | | | | | | | | |
Notes payable, less current portion
|
| | | | — | | | | | | 1,557 | | |
Line of credit, less current portion
|
| | | | — | | | | | | 575 | | |
Deferred rent
|
| | | | — | | | | | | 20 | | |
Total Long-Term Liabilities
|
| | | | — | | | | | | 2,152 | | |
Members’ Deficit
|
| | | | (86) | | | | | | (969) | | |
Total Liabilities and Members’ Deficit
|
| | | $ | 4,712 | | | | | $ | 5,704 | | |
(in thousands, except share data and per share data)
|
| |
Historical
MiT |
| |
Caddy
July, 2019 |
| |
Pro Forma
Adjustments |
| |
Pro Forma
Combined |
| ||||||||||||
Consolidated Statement of Operations Data: | | | | | | | | | | | | | | | | ||||||||||
Revenue | | | | $ | 16,367 | | | | | $ | 158 | | | | | $ | — | | | | | $ | 16,525 | | |
Cost of sales
|
| | | | 12,033 | | | | | | 106 | | | | | | 9 | | | | | | 12,148 | | |
Gross profit
|
| | | | 4,334 | | | | | | 52 | | | | | | (9) | | | | | | 4,377 | | |
Operating expenses:
|
| | | | | ||||||||||||||||||||
Selling, general and administrative
|
| | | | 4,954 | | | | | | 46 | | | | | | 8 | | | | | | 5,008 | | |
Total operating expenses
|
| | | | 4,954 | | | | | | 46 | | | | | | 8 | | | | | | 5,008 | | |
Other (income) expense: | | | | | | | | | | | | | | | | ||||||||||
Interest and other expense
|
| | | | 263 | | | | | | — | | | | | | 8 | | | | | | 271 | | |
Interest and other (income)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total other (income) expense
|
| | | | 263 | | | | | | — | | | | | | 8 | | | | | | 271 | | |
Net Income (loss)
|
| | | | (883) | | | | | | 6 | | | | | | (25) | | | | | | (902) | | |
Historical net loss before income taxes
|
| | | $ | (883) | | | | | | | | | | | | | | | | | $ | (902) | | |
Pro forma benefit for income taxes
|
| | | | (247) | | | | | | | | | | | | | | | | | | (253) | | |
Pro forma net loss
|
| | | $ | (636) | | | | | | | | | | | | | | | | | $ | (649) | | |
Pro forma net loss per common share: basic and diluted
|
| | | $ | (.11) | | | | | | | | | | | | | | | | | $ | (.11) | | |
Pro forma shares outstanding: basic and diluted
|
| | | | 5,666,667 | | | | | | | | | | | | | | | | | | 5,666,667 | | |
(in thousands)
|
| |
Historical
MiT |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Combined |
| |
Pro Forma
Post IPO |
| ||||||||||||
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,058 | | | | | $ | 790 | | | | | | ii | | | | | $ | 1,848 | | | | | $ | 10,080 | | |
Accounts receivable
|
| | | | 809 | | | | | | | | | | | | | | | | | | 809 | | | | | | 809 | | |
Inventory
|
| | | | 1,594 | | | | | | | | | | | | | | | | | | 1,594 | | | | | | 1,594 | | |
Prepaid and other
|
| | | | 77 | | | | | | | | | | | | | | | | | | 77 | | | | | | 77 | | |
| | | | | 3,538 | | | | | | 790 | | | | | | | | | | | | 4,328 | | | | | | 12,560 | | |
Intangibles, net
|
| | | | 1,030 | | | | | | | | | | | | | | | | | | 1,030 | | | | | | 1,030 | | |
Goodwill
|
| | | | 287 | | | | | | | | | | | | | | | | | | 287 | | | | | | 287 | | |
Property and equipment, net
|
| | | | 151 | | | | | | | | | | | | | | | | | | 151 | | | | | | 151 | | |
Deposits and other
|
| | | | 698 | | | | | | 101 | | | | | | ii | | | | | | 799 | | | | | | 117 | | |
Total | | | | $ | 5,704 | | | | | $ | 891 | | | | | | | | | | | $ | 6,595 | | | | | $ | 14,145 | | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 2,694 | | | | | | | | | | | | | | | | | $ | 2,694 | | | | | $ | 2,694 | | |
Accrued expenses
|
| | | | 454 | | | | | | | | | | | | | | | | | | 454 | | | | | | 454 | | |
Customer deposits
|
| | | | 828 | | | | | | | | | | | | | | | | | | 828 | | | | | | 828 | | |
Current portion – line of credit
|
| | | | 75 | | | | | | | | | | | | | | | | | | 75 | | | | | | 75 | | |
Current portion – notes payable
|
| | | | 444 | | | | | | | | | | | | | | | | | | 444 | | | | | | 444 | | |
Deferred revenue
|
| | | | 26 | | | | | | | | | | | | | | | | | | 26 | | | | | | 26 | | |
| | | | | 4,521 | | | | | | — | | | | | | | | | | | | 4,521 | | | | | | 4,521 | | |
Deferred rent
|
| | | | 20 | | | | | | | | | | | | | | | | | | 20 | | | | | | 20 | | |
Line of credit, less current portion
|
| | | | 575 | | | | | | | | | | | | | | | | | | 575 | | | | | | 575 | | |
Notes payable, less current portion
|
| | | | 1,557 | | | | | | | | | | | | | | | | | | 1,557 | | | | | | 1,557 | | |
Members’/Shareholders’ equity:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock/APIC
|
| | | | | | | | | | (10,769) | | | | | | i | | | | | | (10,769) | | | | | | (3,228) | | |
Members’ equity
|
| | | | (11,660) | | | | | | 11,660 | | | | | | i | | | | | | — | | | | | | — | | |
Retained Earnings (accumulated deficit)
|
| | | | 10,691 | | | | | | | | | | | | i | | | | | | 10,691 | | | | | | 10,691 | | |
Common stock
|
| | | | | | | | | | | | | | | | i | | | | | | — | | | | | | 9 | | |
Additional paid-in capital
|
| | | | | | | | | | | | | | | | i | | | | | | — | | | | | | — | | |
| | | | | (969) | | | | | | 891 | | | | | | | | | | | | (78) | | | | | | 7,472 | | |
Total | | | | $ | 5,704 | | | | | $ | 891 | | | | | | | | | | | $ | 6,595 | | | | | $ | 14,145 | | |
|
Year Ended March 31,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$16,367
|
| |
$16,525
|
| |
$20,812
|
| |
$22,689
|
|
|
Year Ended June 30,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$4,334
|
| |
$4,377
|
| |
$5,237
|
| |
$5,754
|
|
|
Year Ended June 30,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$240
|
| |
$240
|
| |
$318
|
| |
$318
|
|
|
Nine Months Ended March 31,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$4,714
|
| |
$4,768
|
| |
$4,958
|
| |
$5,693
|
|
|
Year Ended June 30,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$263
|
| |
$271
|
| |
$(4)
|
| |
$(137)
|
|
|
Year Ended June 30,
|
| |||||||||
| | |
2019
|
| |||||||
|
(in 000’s)
|
| |||||||||
|
Actual
|
| |
Pro Forma
|
| |
Actual
|
| |
Pro Forma
|
|
|
$(883)
|
| |
$(902)
|
| |
$(35)
|
| |
$(394)
|
|
Operating leases
|
| |
(in 000’s)
Total Payments |
| |||
2021
|
| | | $ | 311 | | |
2022
|
| | | | 285 | | |
2023
|
| | | | 293 | | |
2024
|
| | | | 302 | | |
2025 | | | | | 179 | | |
Total future lease payments
|
| | | $ | 1,370 | | |
Name
|
| |
Age
|
| |
Title
|
|
Executive Officers and Directors:
|
| | | | | | |
Glenn Sherman, PhD | | | 77 | | | President and Chief Executive Officer | |
Phil Rafnson | | | 73 | | | Chairman of the Board | |
Jose Delgado | | | 57 | | | Executive Vice President, Sales and Marketing | |
Bevan Wright | | | 51 | | | Executive Vice President, Operations | |
Michael Sherman | | | 58 | | | Interim Chief Financial Officer(1) | |
Key Personnel: | | | | | | | |
Jerry Van de Rydt | | | | | | Senior Vice President, FF& E Sales | |
David Richards | | | 64 | | | Senior Vice President, Engineering | |
Thomas Lipiec | | | 57 | | | Senior Vice President, Sales and Customer Service | |
Frank Tees | | | 46 | | | Vice President, Technical Sales & Support | |
Director Nominees | | | | | | | |
Katherine D. Crothall, Ph.D. | | | 71 | | | Director Nominee | |
John C. Stiska | | | 78 | | | Director Nominee | |
Scott Anderson | | | 66 | | | Director Nominee | |
Name and Principal Position
|
| |
Fiscal
Year |
| |
Salary(1)
|
| |
Bonus
|
| |
Option
Awards |
| |
All Other
Compensation |
| |
Total
|
| ||||||||||||||||||
Glenn Sherman
President and Chief Executive Officer |
| | | | 2020 | | | | | $ | 112,913 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 112,913 | | |
| | | 2019 | | | | | $ | 120,750 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 120,750 | | | ||
Jose Delgado
Executive Vice President, Sales and Marketing |
| | | | 2020 | | | | | $ | 195,058 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 195,058 | | |
| | | 2019 | | | | | $ | 220,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 220,500 | | | ||
Bevan Wright
Executive Vice President, Operations |
| | | | 2020 | | | | | $ | 195,058 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 195,058 | | |
| | | 2019 | | | | | $ | 220,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 220,500 | | | ||
Michael Sherman
Interim Chief Financial Officer(1) |
| | | | 2020 | | | | | $ | 178,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 178,000 | | |
| | | 2019 | | | | | $ | 208,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 208,000 | | |
| | |
Shares Beneficially
Owned Before this Offering |
| |
Shares Beneficially
Owned after this Offering |
| ||||||||||||||||||
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| |
Number
|
| |
Percentage
|
| ||||||||||||
Named Executive Officers and directors: | | | | | | | | | | | | | | | | | | | | | | | | | |
Phil Rafnson(1)
|
| | | | 2,005,567 | | | | | | 35.4% | | | | | | 2,005,567 | | | | | | 21.9% | | |
Bevan Wright
|
| | | | 582,570 | | | | | | 10.3% | | | | | | 582,570 | | | | | | 6.4% | | |
Jose Delgado
|
| | | | 504,556 | | | | | | 8.9% | | | | | | 504,556 | | | | | | 5.5% | | |
Glenn Sherman, PhD
|
| | | | 365,189 | | | | | | 6.4% | | | | | | 365,189 | | | | | | 4.0% | | |
Michael Sherman
|
| | | | 0 | | | | | | * | | | | | | 0 | | | | | | * | | |
| | |
Shares Beneficially
Owned Before this Offering |
| |
Shares Beneficially
Owned After this Offering |
| ||||||||||||||||||
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| |
Number
|
| |
Percentage
|
| ||||||||||||
Director Nominees: | | | | | | | | | | | | | | | | | | | | | | | | | |
Katherine D. Crothall, Ph.D.(2)
|
| | | | 0 | | | | | | * | | | | | | | | | | | | * | | |
John C. Stiska(2)
|
| | | | 0 | | | | | | * | | | | | | | | | | | | * | | |
Scott Anderson(2)
|
| | | | 0 | | | | | | * | | | | | | | | | | | | * | | |
All executive officers, directors and director nominees as a
group (10 persons) |
| | | | 3,457,882 | | | | | | 61.0% | | | | | | 3,457,882 | | | | | | 37.7% | | |
5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | |
David Richards
|
| | | | 324,006 | | | | | | 5.7% | | | | | | 324,006 | | | | | | 3.5% | | |
Date
|
| |
Number of Shares
|
| |||
On the date of this Prospectus
|
| | | | 0 | | |
Between 90 and 180 days after the date of this Prospectus
|
| | | | 1,316,667 | | |
At various times beginning more than 180 days after the date of this Prospectus
|
| | | | 4,350,000 | | |
Underwriters
|
| |
Number of Shares
|
| |||
Boustead Securities, LLC.
|
| | | | | | |
Total
|
| | | | 3,500,000 | | |
| | |
Per Share of
Common Stock |
| |
Total without Exercise of
Over-allotment option |
| ||||||
Public offering price
|
| | | $ | | | | | $ | | | ||
Underwriting discount(1)
|
| | | $ | | | | | $ | | | ||
Non-accountable expense allowance(2)
|
| | | $ | | | | | $ | | | ||
Net proceeds to us(3)
|
| | | $ | | | | | $ | | | |
| | | | | F-2 | | | |
| | | | | F-3 | | | |
| | | | | F-4 | | | |
| | | | | F-5 | | | |
| | | | | F-6 | | | |
| | | | | F-7 | | |
| | | | ||||||||||
| | | | |
2019
|
| |||||||
Assets | | | | | | | | | | | | | |
Current Assets: | | | | | | | | | | | | | |
Cash
|
| | | $ | 1,058 | | | | | $ | 582 | | |
Accounts receivable, net
|
| | | | 809 | | | | | | 2,128 | | |
Inventories, net
|
| | | | 1,594 | | | | | | 1,683 | | |
Prepaid expenses and other
|
| | | | 77 | | | | | | 99 | | |
Total Current Assets
|
| | | | 3,538 | | | | | | 4,492 | | |
Long-Term Assets: | | | | | | | | | | | | | |
Property, plant and equipment, net
|
| | | | 151 | | | | | | 32 | | |
Intangibles, net
|
| | | | 1,030 | | | | | | — | | |
Goodwill
|
| | | | 287 | | | | | | — | | |
Other assets
|
| | | | 698 | | | | | | 188 | | |
Total Long-Term Assets
|
| | | | 2,166 | | | | | | 220 | | |
Total Assets
|
| | | $ | 5,704 | | | | | $ | 4,712 | | |
Liabilities And Members’ Deficit | | | | | | | | | | | | | |
Current Liabilities: | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 2,694 | | | | | $ | 2,926 | | |
Accrued expenses
|
| | | | 454 | | | | | | 793 | | |
Customer deposits
|
| | | | 828 | | | | | | 1,011 | | |
Line of credit – current
|
| | | | 75 | | | | | | — | | |
Notes payable – current
|
| | | | 444 | | | | | | — | | |
Unearned warranty revenue
|
| | | | 26 | | | | | | 68 | | |
Total Current Liabilities
|
| | | | 4,521 | | | | | | 4,798 | | |
Long-Term Liabilities: | | | | | | | | | | | | | |
Notes payable, net of current
|
| | | | 1,557 | | | | | | — | | |
Line of credit, net of current -
|
| | | | 575 | | | | | | — | | |
Deferred rent
|
| | | | 20 | | | | | | — | | |
Total Long-Term Liabilities
|
| | | | 2,152 | | | | | | — | | |
Members’ Deficit
|
| | | | (969) | | | | | | (86) | | |
Total Liabilities and Members’ Deficit
|
| | | $ | 5,704 | | | | | $ | 4,712 | | |
| | |
Years ended June 30,
|
| |||||||||
| | | | |
2019
|
| |||||||
Net sales
|
| | | $ | 16,367 | | | | | $ | 20,812 | | |
Cost of goods sold
|
| | | | 12,033 | | | | | | 15,575 | | |
Gross profit
|
| | | | 4,334 | | | | | | 5,237 | | |
Operating expenses: | | | | | | | | | | | | | |
Research and development
|
| | | | 240 | | | | | | 318 | | |
Selling and marketing
|
| | | | 2,295 | | | | | | 2,455 | | |
General and administrative
|
| | | | 2,419 | | | | | | 2,503 | | |
Total operating expenses
|
| | | | 4,954 | | | | | | 5,276 | | |
Operating loss
|
| | | | (620) | | | | | | (39) | | |
Other expenses (income) | | | | | | | | | | | | | |
Interest and other income
|
| | | | — | | | | | | (4) | | |
Interest expense
|
| | | | 263 | | | | | | — | | |
Total other expense (income)
|
| | | | 263 | | | | | | (4) | | |
Net loss
|
| | | $ | (883) | | | | | $ | (35) | | |
Pro Forma C Corporation Information (Unaudited) – See Note 11 | | | | | | | | | | | | | |
Historical net loss before income taxes
|
| | | $ | (883) | | | | | $ | (35) | | |
Pro forma benefit for income taxes
|
| | | | (247) | | | | | | (10) | | |
Pro forma net loss
|
| | | $ | (636) | | | | | $ | (25) | | |
Pro forma net loss per common share: | | | | ||||||||||
basic and diluted
|
| | | $ | (.11) | | | | | $ | (.01) | | |
Pro forma shares outstanding: basic and diluted
|
| | | | 5,666,667 | | | | | | 5,666,667 | | |
|
Balance June 30, 2018
|
| | | $ | 126 | | |
|
Distributions
|
| | | | (177) | | |
|
Net loss
|
| | | | (35) | | |
|
Balance June 30, 2019
|
| | | | (86) | | |
|
Net loss
|
| | | | (883) | | |
|
Balance June 30, 2020
|
| | | $ | (969) | | |
| | | | | | ||||||||
Cash flows from operating activities: | | | | | | | | | | | | | |
Net loss
|
| | | $ | (883) | | | | | $ | (35) | | |
Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | |
Change in fair value of contingent consideration
|
| | | | (150) | | | | | | — | | |
Provision for (reversal of) doubtful accounts
|
| | | | 80 | | | | | | (105) | | |
Depreciation expense
|
| | | | 126 | | | | | | 17 | | |
Amortization expense
|
| | | | 88 | | | | | | — | | |
Deferred rent
|
| | | | 13 | | | | | | 7 | | |
Changes in operating assets and liabilities, net of acquisitions: | | | | | | | | | | | | | |
Accounts receivable .
|
| | | | 1,478 | | | | | | 158 | | |
Inventories
|
| | | | 89 | | | | | | 516 | | |
Prepaid expenses and other .
|
| | | | 220 | | | | | | (198) | | |
Accounts payable
|
| | | | (352) | | | | | | (755) | | |
Accrued expenses
|
| | | | (1,060) | | | | | | 97 | | |
Unearned warranty revenue
|
| | | | (42) | | | | | | 24 | | |
Customer deposits
|
| | | | (183) | | | | | | 172 | | |
Net cash used in operating activities
|
| | | | (576) | | | | | | (102) | | |
Cash flows from investing activities | | | | | | | | | | | | | |
Cash acquired in business combination
|
| | | | 128 | | | | | | — | | |
Due from related party
|
| | | | — | | | | | | 167 | | |
Purchases of property, plant and equipment
|
| | | | (2) | | | | | | (3) | | |
Net cash provided by investing activities
|
| | | | 126 | | | | | | 164 | | |
Cash flows from f inancing activities | | | | | | | | | | | | | |
Payments on notes payable
|
| | | | (418) | | | | | | — | | |
Net borrowings on line of credit
|
| | | | 650 | | | | | | — | | |
Paycheck Protection Program proceeds
|
| | | | 694 | | | | | | — | | |
Member distributions
|
| | | | — | | | | | | (77) | | |
Net cash provided by (used in) financing activities
|
| | | | 926 | | | | | | (77) | | |
Net increase (decrease) in cash
|
| | | | 476 | | | | | | (15) | | |
Cash, beginning of the year
|
| | | | 582 | | | | | | 597 | | |
Cash, end of the year
|
| | | $ | 1,058 | | | | | $ | 582 | | |
Non-cash investing and financing activities: | | | | | | | | | | | | | |
Distribution to member to settle related party receivable
|
| | | $ | — | | | | | $ | 100 | | |
Deferred IPO costs
|
| | | $ | 263 | | | | | $ | — | | |
Acquisition of certain Caddy net assets by issuing notes payable
|
| | | $ | 1,905 | | | | | $ | — | | |
Cash paid during the period:
|
| | | | | | | | | | | | |
Interest
|
| | | $ | 263 | | | | | $ | — | | |
Disaggregation of Revenue (in 000’s):
|
| |
For the year ended
June 30, 2020 |
| |||
Products (point in time)
|
| | | $ | 15,752 | | |
Software and services (over time)
|
| | | | 615 | | |
Total revenues
|
| | | $ | 16,367 | | |
| | | | ||||||||||
| | | | |
2019
|
| |||||||
Product warranty liability beginning of year
|
| | | $ | 111 | | | | | $ | 118 | | |
Accruals for warranties issued
|
| | | | 18 | | | | | | 105 | | |
Settlements made
|
| | | | (64) | | | | | | (112) | | |
Product warranty liability end of the year
|
| | | $ | 65 | | | | | $ | 111 | | |
| | | | | | ||||||||
Production equipment
|
| | | $ | 307 | | | | | $ | 66 | | |
Leasehold improvements
|
| | | | 202 | | | | | | 202 | | |
Furniture and fixtures
|
| | | | 45 | | | | | | 45 | | |
Computer equipment
|
| | | | 42 | | | | | | 39 | | |
Other equipment
|
| | | | 114 | | | | | | 114 | | |
| | | | | 710 | | | | | | 466 | | |
Accumulated depreciation
|
| | | | 559 | | | | | | 434 | | |
Net property, plant and equipment
|
| | | $ | 151 | | | | | $ | 32 | | |
| | |
Useful Lives
|
|
Leasehold improvements
|
| |
5 years or
remaining lease term |
|
Furniture and fixtures
|
| | 5 years | |
Production equipment
|
| | 3 – 7 years | |
Computer equipment
|
| | 3 years | |
Other equipment
|
| | 3 – 7 years | |
| | | | | | | | ||||||||||||||||||
| | |
Amortization
Period |
| |
Gross Asset
Cost |
| |
Accumulated
Amortization |
| |
Net Book
Value |
| | | | |||||||||
Customer relationships
|
| |
11 years
|
| | | $ | 970 | | | | | $ | 81 | | | | | $ | 889 | | | | | |
Patents
|
| |
20 years
|
| | | | 70 | | | | | | 3 | | | | | | 67 | | | | | |
Trademark
|
| |
20 years
|
| | | | 78 | | | | | | 4 | | | | | | 74 | | | | | |
| | | | | | | $ | 1,118 | | | | | $ | 88 | | | | | $ | 1,030 | | | | | |
|
| Goodwill – June 30, 2019 | | | |
$
|
—
|
| |
|
Caddy acquisition
|
| | | | 287 | | |
|
Goodwill – June 30, 2020
|
| | |
$
|
287
|
| |
|
2021
|
| | | $ | 96 | | |
|
2022
|
| | | | 96 | | |
|
2023
|
| | | | 96 | | |
|
2024
|
| | | | 96 | | |
| 2025 | | | | | 96 | | |
|
2026 and beyond
|
| | | | 550 | | |
|
Total
|
| | | $ | 1,030 | | |
| | | | ||||||||||
| | | | |
2019
|
| |||||||
Employee compensation
|
| | | $ | 168 | | | | | $ | 230 | | |
Others
|
| | | | 286 | | | | | | 563 | | |
Total
|
| | | $ | 454 | | | | | $ | 793 | | |
| | | | ||||
Promissory note
|
| | | $ | 1,117 | | |
Payroll Protection Program note
|
| | | | 694 | | |
Indemnity promissory note
|
| | | | 190 | | |
Total debt obligations
|
| | | | 2,001 | | |
Less current portion
|
| | | | (444) | | |
Long-term debt less current portion
|
| | | $ | 1,557 | | |
Operating leases
|
| |
(in thousands) Total Payments
|
| |||
2021
|
| | | $ | 311 | | |
2022
|
| | | | 285 | | |
2023
|
| | | | 293 | | |
2024
|
| | | | 302 | | |
2025
|
| | | | 179 | | |
Total future minimum lease payments
|
| | | $ | 1,370 | | |
| | |
Amount
|
| |||
Notes issued for the acquisition
|
| | | $ | 1,905 | | |
Liabilities assumed
|
| | | | 108 | | |
| | | | $ | 2,013 | | |
| Preliminary purchase price allocation for the acquisition | | | | | | | |
|
Cash
|
| | | $ | 128 | | |
|
Accounts receivable and other assets
|
| | | | 239 | | |
|
Property plant and equipment, net
|
| | | | 241 | | |
|
Customer relationships
|
| | | | 970 | | |
|
Patents
|
| | | | 70 | | |
|
Trademark
|
| | | | 78 | | |
|
Total identifiable assets acquired
|
| | | | 1,726 | | |
|
Goodwill
|
| | | | 287 | | |
|
Net assets acquired
|
| | | $ | 2,013 | | |
| | |
Years ended June 30,
|
| |||||||||
| | | | |
2019
|
| |||||||
Revenue
|
| | | $ | 16,525 | | | | | $ | 22,689 | | |
Net loss
|
| | | $ | (902) | | | | | $ | (394) | | |
| | | | ||||||||||||||||
| | |
Fair Value Hierarchy Category
|
| |||||||||||||||
(in thousands)
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |||||||||
Liabilities: | | | | | | | | | | | | | | | | | | | |
Contingent consideration – business combinations
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
Total Liabilities
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | |
Year Ended
June 30, 2020 |
| |||
(in thousands)
|
| | | | | | |
Fair value measurement at beginning of year
|
| | | $ | — | | |
Contingent consideration liabilities recorded for business combinations, including measurement period adjustments
|
| | | | 150 | | |
Changes in fair values, recorded in operating expenses
|
| | | | (150) | | |
Fair value measurement at end of year
|
| | | $ | — | | |
| | | | | | ||||||||||||||
| | | | |
2017
|
| |||||||||||||
| | |
(UNAUDITED)
|
| | | |||||||||||||
ASSETS | | | | | |||||||||||||||
Current assets | | | | | |||||||||||||||
Cash
|
| | | $ | 99 | | | | | $ | 54 | | | | | $ | 16 | | |
Other assets
|
| | | | 90 | | | | | | 11 | | | | | | — | | |
Accounts receivable
|
| | | | 207 | | | | | | 133 | | | | | | 149 | | |
Total current assets
|
| | | | 396 | | | | | | 198 | | | | | | 165 | | |
Property, plant and equipment, net
|
| | | | 63 | | | | | | 106 | | | | | | 213 | | |
Total assets
|
| | | $ | 459 | | | | | $ | 304 | | | | | $ | 378 | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | |||||||||||||||
Current liabilities | | | | | |||||||||||||||
Accounts payable
|
| | | $ | 106 | | | | | $ | 39 | | | | | $ | 12 | | |
Accrued expenses
|
| | | | 2 | | | | | | 11 | | | | | | 28 | | |
Line of credit
|
| | | | — | | | | | | — | | | | | | 50 | | |
Total current liabilities
|
| | | | 108 | | | | | | 50 | | | | | | 90 | | |
Related party note payable
|
| | | | — | | | | | | — | | | | | | 20 | | |
Common stock – no par value, 1,000 shares outstanding at December 31, 2017 and 2018, and June 30, 2019
|
| | | | — | | | | | | — | | | | | | — | | |
Retained earnings
|
| | | | 351 | | | | | | 254 | | | | | | 268 | | |
Stockholders’ equity
|
| | | | 351 | | | | | | 254 | | | | | | 268 | | |
Total liabilities and stockholders’ equity
|
| | | $ | 459 | | | | | $ | 304 | | | | | $ | 378 | | |
| | | | | | | | | | ||||||||||||||||
| | |
(UNAUDITED)
|
| |
(UNAUDITED)
|
| | | ||||||||||||||||
Net sales
|
| | | $ | 1,002 | | | | | $ | 1,017 | | | | | $ | 1,892 | | | | | $ | 2,259 | | |
Cost of goods sold
|
| | | | 654 | | | | | | 590 | | | | | | 1,176 | | | | | | 1,352 | | |
Gross profit
|
| | | | 348 | | | | | | 427 | | | | | | 716 | | | | | | 907 | | |
Operating expenses | | | | | | ||||||||||||||||||||
Selling, general and administrative
|
| | | | 254 | | | | | | 286 | | | | | | 683 | | | | | | 886 | | |
Total operating expenses
|
| | | | 254 | | | | | | 286 | | | | | | 683 | | | | | | 886 | | |
Operating profit
|
| | | | 94 | | | | | | 141 | | | | | | 33 | | | | | | 21 | | |
Other expense (income)
|
| | | | | ||||||||||||||||||||
Interest expense
|
| | | | — | | | | | | 1 | | | | | | 1 | | | | | | — | | |
Interest and other (income)
|
| | | | (3) | | | | | | (9) | | | | | | 20 | | | | | | (22) | | |
Total other expense (income)
|
| | | | (3) | | | | | | (8) | | | | | | 21 | | | | | | (22) | | |
Net income
|
| | | $ | 97 | | | | | $ | 149 | | | | | $ | 12 | | | | | $ | 43 | | |
|
Balance December 31, 2016
|
| | | $ | 258 | | |
|
Distributions
|
| | | | (33) | | |
|
Net income
|
| | | | 43 | | |
|
Balance December 31, 2017
|
| | | | 268 | | |
|
Distributions
|
| | | | (26) | | |
|
Net income
|
| | | | 12 | | |
|
Balance December 31, 2018
|
| | | | 254 | | |
|
Distributions (UNAUDITED)
|
| | | | — | | |
|
Net income (UNAUDITED)
|
| | | | 97 | | |
|
Balance June 30, 2019 (UNAUDITED)
|
| | | $ | 351 | | |
| | | | | | | | | | ||||||||||||||||
| | |
(UNAUDITED)
|
| |
(UNAUDITED)
|
| | | ||||||||||||||||
Cash flows from operating activities | | | | | | ||||||||||||||||||||
Net income
|
| | | $ | 97 | | | | | $ | 149 | | | | | $ | 12 | | | | | $ | 43 | | |
Adjustments to reconcile net income to net cash provided by operating activities:
|
| | | | | ||||||||||||||||||||
Depreciation expense
|
| | | | 43 | | | | | | 75 | | | | | | 119 | | | | | | 146 | | |
Changes in operating assets and liabilities: | | | | | | ||||||||||||||||||||
Accounts receivable
|
| | | | (74) | | | | | | 10 | | | | | | 17 | | | | | | 49 | | |
Other assets
|
| | | | (79) | | | | | | — | | | | | | (11) | | | | | | — | | |
Accounts payable
|
| | | | 67 | | | | | | 65 | | | | | | 27 | | | | | | (42) | | |
Accrued expenses
|
| | | | (9) | | | | | | (27) | | | | | | (19) | | | | | | (13) | | |
Net cash provided by operating activities
|
| | | | 45 | | | | | | 272 | | | | | | 145 | | | | | | 183 | | |
Cash flows from investing activities | | | | | | ||||||||||||||||||||
Purchases of property, plant and equipment
|
| | | | — | | | | | | (11) | | | | | | (11) | | | | | | (87) | | |
Net cash used in investing activities
|
| | | | — | | | | | | (11) | | | | | | (11) | | | | | | (87) | | |
Cash flows from financing activities | | | | | | ||||||||||||||||||||
Due from related party
|
| | | | — | | | | | | — | | | | | | (20) | | | | | | — | | |
Payments of related party notes payable
|
| | | | — | | | | | | — | | | | | | — | | | | | | 8 | | |
Line of credit
|
| | | | — | | | | | | (50) | | | | | | (50) | | | | | | (55) | | |
Stockholder distributions
|
| | | | — | | | | | | (40) | | | | | | (26) | | | | | | (33) | | |
Net cash used in financing activities
|
| | | | — | | | | | | (90) | | | | | | (96) | | | | | | (80) | | |
Net increase in cash
|
| | | | 45 | | | | | | 171 | | | | | | 38 | | | | | | 16 | | |
Cash, beginning of the period
|
| | | | 54 | | | | | | 16 | | | | | | 16 | | | | | | — | | |
Cash, end of the period
|
| | | $ | 99 | | | | | $ | 187 | | | | | $ | 54 | | | | | $ | 16 | | |
Supplemental disclosure of cash flow information | | | | | | ||||||||||||||||||||
Cash paid during the year and for the period: | | | | | | ||||||||||||||||||||
Interest
|
| | | $ | — | | | | | $ | — | | | | | $ | 1 | | | | | $ | 6 | | |
| | | | ||||||||||
| | | | |
2017
|
| |||||||
Molds
|
| | | $ | 3,047 | | | | | $ | 3,034 | | |
Furniture and fixtures
|
| | | | 163 | | | | | | 163 | | |
Leasehold improvements
|
| | | | 82 | | | | | | 82 | | |
Computer equipment
|
| | | | 126 | | | | | | 126 | | |
Other equipment
|
| | | | 67 | | | | | | 67 | | |
| | | | | 3,485 | | | | | | 3,472 | | |
Accumulated depreciation
|
| | | | 3,379 | | | | | | 3,259 | | |
Net property and equipment
|
| | | $ | 106 | | | | | $ | 213 | | |
| | |
Useful Lives
|
|
Leasehold improvements | | | 5 years | |
Furniture and fixtures | | | 5 years | |
Molds | | | 3 years | |
Computer equipment | | | 3 years | |
Other equipment | | | 3 — 7 years | |
|
January 1, 2016 through July 31, 2017
|
| | | $ | 4,581 | | |
|
August 1, 2017 through November 15, 2018
|
| | | $ | 5,377 | | |
| | |
Amount to be
Paid |
| |||
SEC registration fee
|
| | | $ | 1,500 | | |
FINRA filing fee
|
| | | | 2,463 | | |
NYSE listing fee
|
| | | | 50,000 | | |
Printing and mailing
|
| | | | 150,000 | | |
Legal fees and expenses
|
| | | | 650,000 | | |
Accounting fees and expenses
|
| | | | 200,000 | | |
Transfer agent and registrar fees and expenses
|
| | | | 25,000 | | |
Miscellaneous | | | | | 33,973 | | |
Total | | | | $ | 1,112,936 | | |
|
Name and Signature
|
| |
Title
|
| |
Date
|
|
|
|
| | President, Chief Executive Officer | | | September 30, 2020 | |
|
*
Phil Rafnson
|
| | Chairman of the Board | | | September 30, 2020 | |
|
*
Michael Sherman
|
| | Interim Chief Financial Officer and Principal Accounting Officer | | | September 30, 2020 | |
|
* By
|
| | Attorney-in-fact | | |
This ‘S-1/A’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/15/21 | ||||
6/30/21 | 10-K, NT 10-K | |||
12/31/20 | ||||
Filed as of: | 10/1/20 | |||
Filed on: | 9/30/20 | CORRESP | ||
9/4/20 | ||||
9/1/20 | ||||
7/1/20 | ||||
6/30/20 | ||||
5/6/20 | ||||
3/31/20 | ||||
1/1/20 | ||||
12/31/19 | ||||
12/15/19 | ||||
10/24/19 | ||||
10/8/19 | ||||
7/31/19 | ||||
7/29/19 | ||||
7/28/19 | ||||
7/1/19 | ||||
6/30/19 | ||||
6/10/19 | DOS/A | |||
2/1/19 | ||||
1/1/19 | ||||
12/31/18 | ||||
11/15/18 | ||||
10/3/18 | ||||
9/18/18 | ||||
8/1/18 | ||||
7/1/18 | ||||
6/30/18 | ||||
12/31/17 | ||||
8/1/17 | ||||
7/31/17 | ||||
6/30/17 | ||||
12/31/16 | ||||
10/10/16 | ||||
1/1/16 | ||||
7/1/11 | ||||
4/28/09 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/27/23 MOVING iMAGE TECHNOLOGIES INC. 10-K 6/30/23 84:9.1M Toppan Merrill Bridge/FA 9/28/22 MOVING iMAGE TECHNOLOGIES INC. 10-K 6/30/22 81:8M Toppan Merrill/FA 9/29/21 MOVING iMAGE TECHNOLOGIES INC. 10-K 6/30/21 6:789K Toppan Merrill/FA 7/07/21 MOVING iMAGE TECHNOLOGIES INC. S-1/A 7/06/21 2:93K Toppan Merrill/FA 5/21/21 MOVING iMAGE TECHNOLOGIES INC. S-1/A 2:3.5M Toppan Merrill/FA 4/20/21 MOVING iMAGE TECHNOLOGIES INC. S-1/A 2:3.5M Toppan Merrill/FA 1/29/21 MOVING iMAGE TECHNOLOGIES INC. S-1/A 2:3.5M Toppan Merrill/FA 10/19/20 MOVING iMAGE TECHNOLOGIES INC. S-1/A 7:3.6M Toppan Merrill/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/21/20 MOVING iMAGE TECHNOLOGIES INC. S-1/A 11:4.5M Toppan Merrill/FA 10/11/19 MOVING iMAGE TECHNOLOGIES INC. S-1 14:3.1M Toppan Merrill/FA 7/06/17 9 Meters Biopharma, Inc. 8-K:1,7,9 7/03/17 5:679K Toppan Merrill/FA |