0000027093 2025-05-01 2026-04-30 0000027093 2023-12-31 2025-05-01 2026-04-30 0000027093 2024-05-01 2025-04-30 0000027093 2023-05-01 2024-04-30 0000027093 USAU:LessGrantDateFairValueOfEquityAwardsReportedInTheStockAwardsAndOptionsAwardsColumnsInTheSummaryCompensationTableForHecoveredfiscalyearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusFairValueOfStockAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfThatCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusChangesInFairValueAsOfTheEndOfTheCoveredFiscalYearStockAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusFairValueOfAnyEquityAwardsThatAreGrantedAndVestInTheCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusChangeInFairValueAsOfTheVestingDateOfAnyEquityAwardsGrantedInAPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:LessFairValueOfAnyEquityAwardsGrantedInAOfTheVestingDateOfPriorFiscalYearThatFailedToMeetTheApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember ecd:PeoMember 2025-05-01 2026-04-30 0000027093 USAU:LessAverageOfGrantDateFairValueOfEquityAwardsReportedInTheStockAwardsAndOptionsAwardsColumnsInTheSummaryCompensationTableForHecoveredfiscalyearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusAverageOfFairValueOfStockAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfThatCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusAverageOfChangesInFairValueAsOfTheEndOfTheCoveredFiscalYearStockAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusAverageOfFairValueOfAnyEquityAwardsThatAreGrantedAndVestInTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusAverageOfChangeInFairValueAsOfTheVestingDateOfAnyEquityAwardsGrantedInAPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:LessAverageOfFairValueOfAnyEquityAwardsGrantedInAOfTheVestingDateOfPriorFiscalYearThatFailedToMeetTheApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 0000027093 USAU:PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-05-01 2026-04-30 iso4217:USD false 0000027093 DEF 14A U.S. GOLD CORP. In 2023, we adopted an Executive Compensation Clawback Policy (the “Clawback Policy”) governing the recovery of incentive-based compensation awarded to our executive officers based on financial results that are later restated. The policy requires the mandatory recoupment (with limited exceptions) of both equity and non-equity incentive compensation, which was granted, earned or vested wholly or in part upon the attainment of a financial reporting measure, to current and former executive officers when a financial restatement is needed to correct the Company’s material noncompliance with any financial reporting requirement. This includes both (i) restatements correcting errors that were material to previously issued financial statements and (ii) restatements where the error, if corrected or left uncorrected, would result in a material misstatement in the current period. Consistent with SEC and Stock Market Rules, the Clawback Policy applies regardless of whether an officer engaged in misconduct or contributed to the circumstances requiring the restatement. The Clawback Policy was filed as Exhibit 97.1 to our Annual Report on Form 10-K for the fiscal year ended April 30, 2024. true Our Compensation Committee meets periodically, including to approve equity award grants to our executives from time to time. In addition to grants made as part of our routine equity grant process, the timing of any equity grants to executive officers in connection with new hires, promotions or other non-routine grants is generally tied to the event giving rise to the award, such as an executive officer’s commencement of employment or promotion effective date. The release of material nonpublic information is not timed to affect the value of our equity awards, and the Compensation Committee does not take material nonpublic information into account when determining the timing and terms of awards. During fiscal year 2026, there were no stock options granted to any Named Executive Officer within four business days preceding, or within one business day after, the filing of any report on Forms 10-K, 10-Q or 8-K that disclosed material non-public information. In addition to grants made as part of our routine equity grant process, the timing of any equity grants to executive officers in connection with new hires, promotions or other non-routine grants is generally tied to the event giving rise to the award, such as an executive officer’s commencement of employment or promotion effective date. <table cellpadding="0" cellspacing="0" id="xdx_886_eecd--PvpTableTextBlock_zSb50SM899Ce" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center">Fiscal Year</td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_483_eecd--PeoTotalCompAmt_zbKarTy3I9lc" style="font-weight: bold; text-align: center">Summary Compensation Table Total for PEO</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_487_eecd--PeoActuallyPaidCompAmt_zxGYnwy1WQW" style="font-weight: bold; text-align: center">Compensation Actually Paid to PEO</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_48F_eecd--NonPeoNeoAvgTotalCompAmt_zA7qP83f5hEi" style="font-weight: bold; text-align: center">Average Summary Compensation Table Total for Non-PEO NEOs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_483_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zXYQCEJHWrL7" style="font-weight: bold; text-align: center">Average Compensation Actually Paid to Non-PEO NEOs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_480_eecd--TotalShareholderRtnAmt_pp2d_zo9Ioc4URcyg" style="font-weight: bold; text-align: center">Value of Initial Fixed $100 Investment Based on Total Shareholder Return(1)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_485_eus-gaap--NetIncomeLoss_z21b7xlJhBD" style="font-weight: bold; text-align: center">Net Income (Loss)</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">(a)</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(b)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(c)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(d)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(e)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(f)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(g)</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_41B_20250501__20260430_zv2Wkle7CEJe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 13%; text-align: center">2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,109,102</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,136,129</td><td style="width: 1%; text-align: left">(2)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">733,360</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">748,822</td><td style="width: 1%; text-align: left">(3)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">380.97</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(17,208,080</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_419_20240501__20250430_zHQE0sLNPaY3" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2025</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,012,670</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,130,991</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">685,092</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">757,676</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">254.52</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(20,559,122</td><td style="text-align: left">)</td></tr> <tr id="xdx_41F_20230501__20240430_zKCghmCNtGQd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">300,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">262,801</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">230,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">224,346</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">96.98</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(6,897,483</td><td style="text-align: left">)</td></tr> </table> 1109102 1136129 733360 748822 380.97

-17208080

1012670 1130991 685092 757676 254.52

-20559122

300000 262801 230000 224346 96.98

-6897483

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">2.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">George Bee was the Company’s PEO for all of fiscal years 2024, 2025, and 2026. The following table contains a reconciliation of the amounts reflected in the Summary Compensation Table for Mr. Bee for fiscal year 2026 (as reported in column (b), above) as compared to the Compensation Actually Paid to Mr. Bee for fiscal year 2026 (as reported in column (c), above).</td></tr> </table> George Bee George Bee George Bee <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250501__20260430_zaiN98XItQFk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eecd--PeoTotalCompAmt_zPxciRWyabzi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; font-weight: bold; text-align: left">Summary Compensation Table total for Mr. Bee for the covered year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,109,102</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eecd--PeoTotalCompAmt_zye8NMugK8Jb" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; font-weight: bold; text-align: left">PEO Total Compensation Amount</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">1,109,102</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--LessGrantDateFairValueOfEquityAwardsReportedInTheStockAwardsAndOptionsAwardsColumnsInTheSummaryCompensationTableForHecoveredfiscalyearMember_zkiTQOo6M4Xg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Less Grant date fair value of equity awards reported in the “Stock Awards” and “Options Awards” columns in the Summary Compensation Table for the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(422,435</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusFairValueOfStockAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfThatCoveredFiscalYearMember_zPE3ln5bjD6i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of that covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">354,648</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusChangesInFairValueAsOfTheEndOfTheCoveredFiscalYearStockAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember_zKuTfbigXN52" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">46,718</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusFairValueOfAnyEquityAwardsThatAreGrantedAndVestInTheCoveredFiscalYearMember_zvMu3jnUvDLk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Fair value of any equity awards that are granted and vest in the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusChangeInFairValueAsOfTheVestingDateOfAnyEquityAwardsGrantedInAPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember_zoX8HCRZyK11" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in a prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">48,096</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--LessFairValueOfAnyEquityAwardsGrantedInAOfTheVestingDateOfPriorFiscalYearThatFailedToMeetTheApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember_ztTr7WWdN0T5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Less Fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember_zBIVEY1qMIKj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus The dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember_zYVyZqan2ixk" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Adjustment Compensation Amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eecd--PeoActuallyPaidCompAmt_ztCGxx6Lridf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Compensation Actually Paid to Mr. Bee for the covered year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,136,129</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eecd--PeoActuallyPaidCompAmt_zsMa87yWx4Ai" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; font-weight: bold; text-align: left">PEO Actually Paid Compensation Amount</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">1,136,129</td><td style="display: none; text-align: left"> </td></tr> </table> 1109102 1109102 -422435 354648 46718 48096 1136129 1136129 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250501__20260430_zN1oSTa2Hz28" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eecd--NonPeoNeoAvgTotalCompAmt_zZZq84is36Ae" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; font-weight: bold; text-align: left">Average of Summary Compensation Table Total for non-PEOs named executive officers</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">733,360</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eecd--NonPeoNeoAvgTotalCompAmt_zM8cg59rHUPi" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; font-weight: bold; text-align: left">Non-PEO NEO Average Total Compensation Amount</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">733,360</td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--LessAverageOfGrantDateFairValueOfEquityAwardsReportedInTheStockAwardsAndOptionsAwardsColumnsInTheSummaryCompensationTableForHecoveredfiscalyearMember_zyTu0OFJWs5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Less Average of grant date fair value of equity awards in the “Stock Awards” and “Options Awards” columns in the Summary Compensation Table for the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(258,360</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusAverageOfFairValueOfStockAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfThatCoveredFiscalYearMember_zmbXNlP6sJS" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Average of fair value as of the end of the covered fiscal year of all equity awards granted during the covered fiscal year that are outstanding and unvested as of the end of that covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">216,718</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusAverageOfChangesInFairValueAsOfTheEndOfTheCoveredFiscalYearStockAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember_zgXlhr89ZHhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Average of the change in fair value (whether positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) of any equity awards granted in any prior fiscal year that are outstanding and unvested as of the end of such covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">28,137</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusAverageOfFairValueOfAnyEquityAwardsThatAreGrantedAndVestInTheCoveredFiscalYearMember_zSpR6xYTnsR9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Average of fair value of any equity awards that are granted and vest in the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusAverageOfChangeInFairValueAsOfTheVestingDateOfAnyEquityAwardsGrantedInAPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember_zmbPW0HKbqYd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus Average of change in fair value (whether positive or negative) as of the vesting date (from the end of the prior fiscal year) of any equity awards granted in a prior fiscal year for which all applicable vesting conditions were satisfied during the covered fiscal year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">28,967</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--LessAverageOfFairValueOfAnyEquityAwardsGrantedInAOfTheVestingDateOfPriorFiscalYearThatFailedToMeetTheApplicableVestingConditionsWereSatisfiedDuringTheCoveredFiscalYearMember_zXtZ97BLmVrd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Less Average of the fair value of any equity awards granted in a prior fiscal year that failed to meet the applicable vesting conditions in the covered fiscal year determined as of the end of the prior fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember_zARpr2xtqOZ" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Plus The dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eecd--AdjToCompAmt_hecd--IndividualAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--PlusTheDollarValueOfAnyDividendsOrOtherEarningsPaidOnStockOrOptionAwardsInTheCoveredFiscalYearPriorToTheVestingDateThatAreNotOtherwiseIncludedInTheTotalCompensationForTheCoveredFiscalYearMember_zXhBuVqR5rUg" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Adjustment to Compensation Amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zqiLRP3iQPt6" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Average Compensation Actually Paid to the non-PEOs named executive officers for the covered year</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">748,822</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zfrwhtckvB3j" style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none; font-weight: bold; text-align: left">Non-PEO NEO Average Compensation Actually Paid Amount</td><td style="display: none"> </td> <td style="display: none; text-align: left">$</td><td style="display: none; text-align: right">748,822</td><td style="display: none; text-align: left"> </td></tr> </table> 733360 733360 -258360 216718 28137 28967 748822 748822 Compensation Actually Paid and Cumulative TSR The following chart reflects the relationship between the amount of “compensation actually paid” to Mr. Bee and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Bee), and the Company’s cumulative TSR over the three years presented in the table. The Company does not use TSR as a performance measure in its overall executive compensation program. <img alt="" src="formdef14a_001.jpg"/> Compensation Actually Paid and GAAP Net Income (Loss) The following chart reflects the relationship between the amount of “compensation actually paid” to Mr. Bee and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Bee), and the Company’s net income (loss) as reported under US GAAP, over the three years presented in the table. The Company does not use net income as a performance measure in its overall executive compensation program. <img alt="" src="formdef14a_002.jpg"/>