|
Singapore
|
| |
8200
|
| |
Not Applicable
|
|
|
(State or other jurisdiction of
incorporation or organization) |
| |
(Primary Standard Industrial
Classification Code Number) |
| |
(I.R.S. Employer
Identification number) |
|
|
Barry Grossman, Esq.
Benjamin S. Reichel, Esq. Ellenoff Grossman & Schole LLP 1345 Avenue of the Americas, 11th Floor New York, NY 10105 Tel: (212) 370-1300 Fax: (212) 370-7889 |
| |
Rob Condon, Esq.
Dentons US LLP 1221 Avenue of the Americas New York, NY 10020 Tel: (212) 768-6700 Fax: (212) 768-6800 |
|
| | | |
Emerging growth company
☒
|
|
Title of Each Class of Securities to be Registered
|
| |
Proposed Maximum
Aggregate Offering Price(2) |
| |
Amount of
Registration Fee |
| ||||||
Ordinary shares, no par value per share(1)(3)
|
| | | $ | 46,000,000 | | | | | $ | 5,019 | | |
Warrants to be issued to the representative of the underwriters(4)
|
| | | | — | | | | | | — | | |
Ordinary shares underlying warrants to be issued to the representative of the underwriters(5)
|
| | | $ | 2,875,000 | | | | | $ | 314 | | |
Total
|
| | | $ | 48,875,000 | | | | | $ | 5,333(6) | | |
|
PRELIMINARY PROSPECTUS
|
| |
SUBJECT TO COMPLETION
|
| |
DATED NOVEMBER 22, 2021
|
|
| | |
Per Share
|
| |
Total
|
| ||||||
Initial public offering price
|
| | | $ | | | | | $ | | | ||
Underwriting discounts and commissions(1)
|
| | | $ | | | | | $ | | | ||
Proceeds to us, before expenses
|
| | | $ | | | | | $ | | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 4 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 29 | | | |
| | | | 49 | | | |
| | | | 51 | | | |
| | | | 52 | | | |
CAPITALIZATION | | | | | 53 | | |
DILUTION | | | | | 55 | | |
| | | | 57 | | | |
| | | | 67 | | | |
| | | | 69 | | | |
| | | | 71 | | | |
BUSINESS | | | | | 103 | | |
MANAGEMENT | | | | | 175 | | |
| | | | 181 | | | |
| | | | 182 | | | |
| | | | 185 | | | |
| | | | 208 | | | |
| | | | 210 | | | |
UNDERWRITING | | | | | 218 | | |
| | | | 223 | | | |
| | | | 224 | | | |
EXPERTS | | | | | 224 | | |
| | | | 224 | | | |
| | | | 226 | | | |
| | | | F-1 | | |
Summary Income Data:
|
| |
Genius Group
Pro forma Six Months Ended (USD 000’s) |
| |
Pre-IPO Group
Reviewed Financials Six Months Ended (USD 000’s) |
| |
Genius Group
Pro forma Year Ended (USD 000’s) |
| |
Pre-IPO Group
Audited Financials Year Ended (USD 000’s) |
| ||||||||||||||||||||||||
|
June 30,
2021 |
| |
June 30,
2021 |
| |
June 30,
2020 |
| |
December 31,
2020 |
| |
December 31,
2020 |
| |
December 31,
2019 |
| ||||||||||||||||||||
Sales
|
| | | | 13,926 | | | | | | 6,352 | | | | | | 4,538 | | | | | | 24,191 | | | | | | 7,634 | | | | | | 9,949 | | |
Cost of goods sold
|
| | | | (8,169) | | | | | | (5,138) | | | | | | (2,444) | | | | | | (9,326) | | | | | | (4,704) | | | | | | (5,121) | | |
Gross profit (Loss)
|
| | | | 5,757 | | | | | | 1,214 | | | | | | 2,094 | | | | | | 14,865 | | | | | | 2,930 | | | | | | 4,828 | | |
Other Operating Income
|
| | | | 75 | | | | | | 67 | | | | | | 85 | | | | | | 274 | | | | | | 11 | | | | | | 1,187 | | |
Operating Expenses
|
| | | | (7,943) | | | | | | (3,203) | | | | | | (3,096) | | | | | | (16,778) | | | | | | (6,192) | | | | | | (7,151) | | |
Operating profit (Loss)
|
| | | | (2,111) | | | | | | (1,922) | | | | | | (917) | | | | | | (1,639) | | | | | | (3,251) | | | | | | (1,136) | | |
Other income
|
| | | | 1,973 | | | | | | — | | | | | | — | | | | | | 1,218 | | | | | | 412 | | | | | | 784 | | |
Other Expense
|
| | | | (203) | | | | | | (183) | | | | | | (643) | | | | | | (975) | | | | | | (854) | | | | | | (864) | | |
Net Income (Loss) Before Tax
|
| | | | (341) | | | | | | (2,105) | | | | | | (1,560) | | | | | | (1,396) | | | | | | (3,693) | | | | | | (1,216) | | |
Tax Expense
|
| | | | 243 | | | | | | 200 | | | | | | 155 | | | | | | (142) | | | | | | 216 | | | | | | (95) | | |
Net Income (Loss) After Tax
|
| | | | (98) | | | | | | (1,905) | | | | | | (1,405) | | | | | | (1,538) | | | | | | (3,477) | | | | | | (1,311) | | |
Other Comprehensive Income
|
| | | | 71 | | | | | | 71 | | | | | | (525) | | | | | | 2,129 | | | | | | 2,129 | | | | | | (308) | | |
Total Income (Loss)
|
| | | | (27) | | | | | | (1,834) | | | | | | (1,930) | | | | | | 591 | | | | | | (1,348) | | | | | | (1,619) | | |
Net income per share, basic and diluted
|
| | | | (0.00) | | | | | | (0.12) | | | | | | (0.14) | | | | | | (0.10) | | | | | | (0.27) | | | | | | (0.15) | | |
Weighted-average number of shares outstanding, basic and diluted
|
| | | | 18,247,056 | | | | | | 16,155,180 | | | | | | 9,798,478 | | | | | | 14,666,851 | | | | | | 12,575,605 | | | | | | 8,492,924 | | |
| | |
Genius Group
Pro forma As Of June 30, (USD 000’s) |
| |
Pre-IPO
Group Reviewed Financials As Of June 30, (USD 000’s) |
| |
Pre-IPO Group
Audited Financials As Of December 31, (USD 000’s) |
| |||||||||||||||
| | |
June 30, 2021
|
| |
June 30,2021
|
| |
December31, 2020
|
| |
December31, 2019
|
| ||||||||||||
Summary Balance Sheet Data:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Total current assets
|
| | | | 30,178 | | | | | | 6,312 | | | | | | 4,937 | | | | | | 5,806 | | |
Total non-current assets
|
| | | | 80,489 | | | | | | 48,153 | | | | | | 48,848 | | | | | | 25,776 | | |
Total Assets
|
| | | | 110,667 | | | | | | 54,465 | | | | | | 53,785 | | | | | | 31,582 | | |
Total current liabilities
|
| | | | 11,474 | | | | | | 5,803 | | | | | | 5,379 | | | | | | 6,202 | | |
Total non-current liabilities
|
| | | | 9,202 | | | | | | 6,475 | | | | | | 7,164 | | | | | | 6,608 | | |
Total Liabilities
|
| | | | 20,676 | | | | | | 12,278 | | | | | | 12,543 | | | | | | 12,810 | | |
Total Shareholders’ Equity
|
| | | | 89,991 | | | | | | 42,187 | | | | | | 41,242 | | | | | | 18,772 | | |
Total Liabilities and Shareholders’ Equity
|
| | | | 110,667 | | | | | | 54,465 | | | | | | 53,785 | | | | | | 31,582 | | |
| | |
Genius Group
Pro forma Six Months Ended (USD 000’s) |
| |
Pre-IPO Group
Reviewed Financials Six Months Ended (USD 000’s) |
| |
Genius Group
Pro forma Year Ended (USD 000’s) |
| |
Pre-IPO Group
Audited Financials Year Ended (USD 000’s) |
| ||||||||||||||||||||||||
|
June 30,
2021 |
| |
June 30,
2021 |
| |
June 30,
2020 |
| |
December 31,
2020 |
| |
December 31,
2020 |
| |
December 31,
2019 |
| ||||||||||||||||||||
Net Income (Loss)
|
| | | | (98) | | | | | | (1,905) | | | | | | (1,405) | | | | | | (1,538) | | | | | | (3,477) | | | | | | (1,311) | | |
Tax Expense
|
| | | | (243) | | | | | | (200) | | | | | | (155) | | | | | | 143 | | | | | | (216) | | | | | | 95 | | |
Interest Expense, net
|
| | | | 203 | | | | | | 183 | | | | | | 643 | | | | | | 975 | | | | | | 854 | | | | | | 864 | | |
Depreciation and Amortization
|
| | | | 1,541 | | | | | | 1,222 | | | | | | 898 | | | | | | 2,893 | | | | | | 2,140 | | | | | | 1,359 | | |
Goodwill Impairments
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Stock Based
Compensation |
| | | | 121 | | | | | | 121 | | | | | | 159 | | | | | | 395 | | | | | | 395 | | | | | | 172 | | |
Bad Debt Provision
|
| | | | (39) | | | | | | — | | | | | | — | | | | | | 1,701 | | | | | | 162 | | | | | | — | | |
Adjusted EBITDA
|
| | | | 1,485 | | | | | | (618) | | | | | | 140 | | | | | | 4,569 | | | | | | (142) | | | | | | 1,179 | | |
| | |
GeniusU
|
| |
University of
Antelope Valley |
| |
Property
Investors Network |
| |
Education
Angels |
| |
E-Square
|
| |
Total
|
| ||||||||||||||||||
Number of students
|
| | | | 1,903,726 | | | | | | 3,102 | | | | | | 146,614 | | | | | | 732 | | | | | | 677 | | | | | | 2,054,851 | | |
Number of Free Students
|
| | | | 1,868,171 | | | | | | — | | | | | | 120,246 | | | | | | — | | | | | | — | | | | | | 1,988,417 | | |
Number of Paying Students
|
| | | | 35,555 | | | | | | 3,102 | | | | | | 26,368 | | | | | | 732 | | | | | | 677 | | | | | | 66,434 | | |
Number of Partners
|
| | | | 9,866 | | | | | | 238 | | | | | | 628 | | | | | | 312 | | | | | | 43 | | | | | | 11,087 | | |
Number of countries of
operation |
| | | | 191 | | | | | | 1 | | | | | | 52 | | | | | | 1 | | | | | | 1 | | | | | | 191 | | |
Marketing Spend
|
| | | | 395,114 | | | | | | 110,036 | | | | | | 225,749 | | | | | | 6,074 | | | | | | 31,434 | | | | | | 768,407 | | |
Education Revenue
|
| | | | 5,074,942 | | | | | | 3,488,724 | | | | | | 3,191,629 | | | | | | 478,205 | | | | | | 415,267 | | | | | | 12,648,767 | | |
Revenue from New Paying
Students |
| | | | 1,268,373 | | | | | | 1,672,362 | | | | | | 1,563,898 | | | | | | 239,102 | | | | | | 207,634 | | | | | | 4,951,369 | | |
New Students
|
| | | | 103,206 | | | | | | 281 | | | | | | 15,503 | | | | | | 102 | | | | | | 131 | | | | | | 119,223 | | |
New Paying Students
|
| | | | 1,635 | | | | | | 281 | | | | | | 1,948 | | | | | | 102 | | | | | | 131 | | | | | | 4,097 | | |
Conversion rate
|
| | | | 1.58% | | | | | | 100.00% | | | | | | 12.57% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 3.44% | | |
Average Acquisition Cost per New Paying Student
|
| | | | 181.24 | | | | | | 391.59 | | | | | | 115.89 | | | | | | 59.55 | | | | | | 239.95 | | | | | | 163.44 | | |
Average Annual Revenue per New Paying Student
|
| | | | 775.76 | | | | | | 5,951.47 | | | | | | 802.82 | | | | | | 2,344.14 | | | | | | 1,584.99 | | | | | | 1,208.54 | | |
Net Income (Loss) margin
|
| | | | -10.07% | | | | | | 12.21% | | | | | | 46.51% | | | | | | -4.39% | | | | | | 21.91% | | | | | | 11.61% | | |
Adjusted EBITDA margin
|
| | | | -3.20% | | | | | | 15.10% | | | | | | 46.92% | | | | | | -2.75% | | | | | | 21.91% | | | | | | 15.34% | | |
| | |
GeniusU
|
| |
University of
Antelope Valley |
| |
Property
Investors Network |
| |
Education
Angels |
| |
E-Square
|
| |
Total
|
| ||||||||||||||||||
Number of students
|
| | | | 1,800,520 | | | | | | 2,821 | | | | | | 131,111 | | | | | | 630 | | | | | | 546 | | | | | | 1,935,628 | | |
Number of Free Students
|
| | | | 1,766,600 | | | | | | — | | | | | | 106,691 | | | | | | — | | | | | | — | | | | | | 1,873,291 | | |
Number of Paying Students
|
| | | | 33,920 | | | | | | 2,821 | | | | | | 24,420 | | | | | | 630 | | | | | | 546 | | | | | | 62,337 | | |
Number of Partners
|
| | | | 9,399 | | | | | | 214 | | | | | | 570 | | | | | | 270 | | | | | | 43 | | | | | | 10,496 | | |
Number of countries of
operation |
| | | | 191 | | | | | | 1 | | | | | | 52 | | | | | | 1 | | | | | | 1 | | | | | | 191 | | |
Marketing Spend
|
| | | | 576,028 | | | | | | 175,141 | | | | | | 287,694 | | | | | | 34,708 | | | | | | 78,586 | | | | | | 1,152,157 | | |
Education Revenue
|
| | | | 5,618,210 | | | | | | 10,078,158 | | | | | | 4,582,850 | | | | | | 1,068,204 | | | | | | 827,675 | | | | | | 22,175,096 | | |
Revenue from New Paying Students
|
| | | | 1,809,457 | | | | | | 2,418,758 | | | | | | 1,603,998 | | | | | | 534,102 | | | | | | 287,890 | | | | | | 6,654,205 | | |
New Students
|
| | | | 247,388 | | | | | | 559 | | | | | | 27,353 | | | | | | 210 | | | | | | 270 | | | | | | 275,780 | | |
New Paying Students
|
| | | | 3,450 | | | | | | 559 | | | | | | 3,277 | | | | | | 210 | | | | | | 270 | | | | | | 7,766 | | |
Conversion rate
|
| | | | 1.39% | | | | | | 100.00% | | | | | | 11.98% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 2.81% | | |
Average Acquisition Cost per New Paying Student
|
| | | | 121.91 | | | | | | 313.31 | | | | | | 148.82 | | | | | | 165.28 | | | | | | 291.06 | | | | | | 154.10 | | |
Average Annual Revenue per New Paying Student
|
| | | | 524.48 | | | | | | 4327 | | | | | | 489.47 | | | | | | 2,543 | | | | | | 1066 | | | | | | 857 | | |
Net Income (Loss) margin
|
| | | | -2.41% | | | | | | 17.91% | | | | | | 1.85% | | | | | | 19.17% | | | | | | 23.16% | | | | | | 9.70% | | |
Adjusted EBITDA margin
|
| | | | 24.38% | | | | | | 21.29% | | | | | | 45.39% | | | | | | 23.36% | | | | | | 28.35% | | | | | | 27.42% | | |
| | |
Cafe
|
| |
Central
|
| |
Resort
|
| |
Total
|
| ||||||||||||
Revenue
|
| | | | 94,451 | | | | | | 648,492 | | | | | | 533,846 | | | | | | 1,276,789 | | |
No of Location
|
| | | | 2 | | | | | | 1 | | | | | | 3 | | | | | | 6 | | |
No of Seats / Room
|
| | | | 141 | | | | | | 177 | | | | | | 49 | | | | | | 367 | | |
Utilization
|
| | | | 13% | | | | | | 39% | | | | | | 14% | | | | | | 22% | | |
Total Orders
|
| | | | 11,211 | | | | | | 40,556 | | | | | | 2,196 | | | | | | 53,963 | | |
Revenue Per Order
|
| | | $ | 8.42 | | | | | $ | 15.99 | | | | | $ | 243.10 | | | | | $ | 23.66 | | |
| | |
Cafe
|
| |
Central
|
| |
Resort
|
| |
Total
|
| ||||||||||||
Revenue
|
| | | | 342,238 | | | | | | 500,629 | | | | | | 1,172,699 | | | | | | 2,015,566 | | |
No of Location
|
| | | | 2 | | | | | | 1 | | | | | | 3 | | | | | | 6 | | |
No of Seats / Room
|
| | | | 141 | | | | | | 177 | | | | | | 49 | | | | | | 367 | | |
Utilization
|
| | | | 20% | | | | | | 24% | | | | | | 26% | | | | | | 24% | | |
Total Orders
|
| | | | 37,185 | | | | | | 36,182 | | | | | | 8,538 | | | | | | 81,905 | | |
Revenue Per Order
|
| | | $ | 9.20 | | | | | $ | 13.84 | | | | | $ | 127.35 | | | | | $ | 24.61 | | |
| | |
Genius Group
Pro forma Six Months Ended (USD 000’s) |
| |
Pre-IPO Group
Reviewed Financials Six Months Ended (USD 000’s) |
| |
Genius Group
Pro forma Year Ended (USD 000’s) |
| |
Pre-IPO Group
Audited Financials Year Ended (USD 000’s) |
| ||||||||||||||||||||||||
|
June 30,
2021 |
| |
June 30,
2021 |
| |
June 30,
2020 |
| |
December 31,
2020 |
| |
December 31,
2020 |
| |
December 31,
2019 |
| ||||||||||||||||||||
Digital Education Revenue
|
| | | | 12,171 | | | | | | 5,070 | | | | | | 3,068 | | | | | | 20,787 | | | | | | 5,298 | | | | | | 4,771 | | |
In-Person Education
Revenue |
| | | | 478 | | | | | | — | | | | | | 330 | | | | | | 1,388 | | | | | | 320 | | | | | | 746 | | |
Total Education Revenue
|
| | | | 12,649 | | | | | | 5,070 | | | | | | 3,398 | | | | | | 22,175 | | | | | | 5,618 | | | | | | 5,517 | | |
Campus Revenue
|
| | | | 1,277 | | | | | | 1,277 | | | | | | 1,138 | | | | | | 2,016 | | | | | | 2,016 | | | | | | 4,432 | | |
Total Revenue
|
| | | | 13,926 | | | | | | 6,347 | | | | | | 4,538 | | | | | | 24,191 | | | | | | 7,634 | | | | | | 9,949 | | |
| | |
June 30, 2021 (USD)
|
| ||||||||||||
| | |
Actual
|
| |
Pro forma
|
| |
Pro forma
As Adjusted |
| ||||||
Cash and cash equivalents
|
| | | | 2,143,358 | | | | | | 3,011,301 | | | | | |
Capitalization: | | | | | | | | | | | | | | | | |
Long-term debt:
|
| | | | 1,452,547 | | | | | | 2,641,473 | | | | | |
Shareholders’ equity:
|
| | | | 51,722,567 | | | | | | 51,722,567 | | | | | |
16155,810 ordinary shares issued and outstanding on an actual
basis, 18,247,056 ordinary shares issued and outstanding on adjusted pro forma basis to reflect the IPO Acquisitions; [ ] shares issued and outstanding on a pro forma as adjusted basis to reflect the surrender of an aggregate of 23,293,950 ordinary shares by the existing shareholders on [•], 2021 and [•] ordinary shares to be issued in this offering |
| | | | | | | | | | | | | | | |
Accumulated other comprehensive income (loss)
|
| | | | — | | | | | | — | | | | | |
Reserve
|
| | | | 1,856,293 | | | | | | 1,856,293 | | | | | |
Accumulated deficit
|
| | | | (11,391,385) | | | | | | (11,391,385) | | | | | |
Total shareholders’ equity
|
| | | | 42,187,475 | | | | | | 42,187,475 | | | | | |
Total capitalization
|
| | | | 43,640,022 | | | | | | 44,828,948 | | | | | |
| | | | | | | | | | | | | | | | |
| | |
Per
Ordinary Share |
| |||
| | |
($)
|
| |||
Assumed initial public offering price per ordinary share . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | | | |
Historic net tangible book value per ordinary share as of June 30, 2021
|
| | | $ | 0.11 | | |
Pro forma increase in net tangible book value (deficit) per share as of June 30, 2021 before giving effect to this offering
|
| | | $ | 0.88 | | |
Pro forma net tangible book value per share as of June 30, 2021
|
| | | $ | 0.99 | | |
Pro forma as adjusted net tangible book value per share after giving effect to this offering
|
| | | | | | |
Pro forma as adjusted dilution per share to investors participating in this offering
|
| | | | | | |
| | | | | | | |
| | |
Ordinary Shares
Purchased |
| |
Total Consideration
|
| |
Average
Price Per Ordinary |
| |||||||||||||||
| | |
Number
|
| |
Percent
|
| |
Amount
|
| |
Percent
|
| |
Share
|
| |||||||||
Existing shareholders (Issued)
|
| | | | 16,155,810 | | | | | | | | | 46,421,800 | | | | | | | | $ | 2.87 | | |
New investors
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Total
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Genius
Group |
| |
University
of Antelope Valley |
| |
Property
Investors Network |
| |
Education
Angels |
| |
E-Square
|
| |
Adjustments
|
| |
Footnotes
|
| |
Combined
Total |
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Summary Income Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sales | | | | | 6,352 | | | | | | 3,489 | | | | | | 3,192 | | | | | | 478 | | | | | | 415 | | | | | | — | | | | | | | | | | | | 13,926 | | |
Cost of goods sold
|
| | | | (5,138) | | | | | | (1,712) | | | | | | (1,092) | | | | | | (227) | | | | | | — | | | | | | — | | | | | | | | | | | | (8,169) | | |
Gross profit (Loss)
|
| | | | 1,214 | | | | | | 1,777 | | | | | | 2,100 | | | | | | 251 | | | | | | 415 | | | | | | — | | | | | | | | | | | | 5,757 | | |
Operating Income
|
| | | | 67 | | | | | | — | | | | | | 8 | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | 75 | | |
Operating Expenses
|
| | | | (3,203) | | | | | | (3,318) | | | | | | (609) | | | | | | (271) | | | | | | (324) | | | | | | (218) | | | | | | 2 | | | | | | (7,943) | | |
Operating profit (Loss)
|
| | | | (1,922) | | | | | | (1,541) | | | | | | 1,499 | | | | | | (20) | | | | | | 91 | | | | | | (218) | | | | | | | | | | | | (2,111) | | |
Other income
|
| | | | — | | | | | | 1,973 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | 1,973 | | |
Other Expense
|
| | | | (183) | | | | | | (5) | | | | | | (14) | | | | | | (1) | | | | | | — | | | | | | — | | | | | | | | | | | | (203) | | |
Net Income (Loss) BeforeTax
|
| | | | (2,105) | | | | | | 427 | | | | | | 1,485 | | | | | | (21) | | | | | | 91 | | | | | | (218) | | | | | | | | | | | | (341) | | |
Income Tax
|
| | | | 200 | | | | | | (1) | | | | | | — | | | | | | — | | | | | | — | | | | | | 44 | | | | | | 3 | | | | | | 243 | | |
Net Income (Loss) After Tax
|
| | | | (1,905) | | | | | | 426 | | | | | | 1,485 | | | | | | (21) | | | | | | 91- | | | | | | (174) | | | | | | | | | | | | (98) | | |
Other Comprehensive Income
|
| | | | 71 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | 71 | | |
Total Income (Loss)
|
| | | | (1,834) | | | | | | 426 | | | | | | 1,485 | | | | | | (21) | | | | | | 91 | | | | | | (174) | | | | | | | | | | | | (27) | | |
Net income per share, basic and diluted
|
| | | | (0.12) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9 | | | | | | (0.00) | | |
Weighted-average number of shares outstanding, basic and diluted
|
| | | | 16,155,810 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9 | | | | | | 18,247,056 | | |
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