NOTE C – Controlled Equity Offering

On April 28, 2017, the Company entered into a Controlled Equity Offering℠ Sales Agreement, or “sales agreement”, with “Cantor”, pursuant to which the Company may issue and sell, from time to time, shares of our common stock having an aggregate offering price of up to $30.0 million. Cantor will be acting as sales agent and be paid a 3% commission on each sale.

As of September 30, 2018, the Company has sold approximately 2,112,000 shares raising over $1.9 million in net proceeds. Subsequent to September 30, 2018, approximately 11,109,000 shares have been sold raising approximately $8.5 million in net proceeds.