0000746210
2025-01-01
2025-12-31
0000746210
2023-01-01
2025-12-31
0000746210
2024-01-01
2024-12-31
0000746210
2023-01-01
2023-12-31
iso4217:USD
false
0000746210
DEF 14A
TAOWEAVE, INC.
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 30pt;"><b>PAY VERSUS PERFORMANCE</b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">In August 2022, the SEC adopted final rules requiring companies to disclose information about the relationship between executive compensation actually paid and the company's financial performance. The information below is provided pursuant to Item 402(v) of SEC Regulation S-K with respect to "smaller reporting companies" as that term is defined at Item 10(f)(1) of SEC Regulation S-K.</p>
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;"> </p>
<div>
<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 16%;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;"><b>(a)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(b) Summary Comp Table Total for PEO</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(c) Comp. Actually Paid to PEO</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(d) Average Summary Comp. Table for Non-PEO NEOs</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(e) Average Comp. Actually Paid to Non-PEO NEOs</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(f) Value of Initial Fixed $100 Investment Based On Total Shareholder Return</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>(g) Net</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid black;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;"><b>Year</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>($) (1)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>($) (2)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>($) (3)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>($) (4)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>($) (5)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>Income (Loss)</b></p>
</td>
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="background-color: rgb(204, 238, 255); vertical-align: bottom">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">
<p style="margin: 0pt; text-align: center; font-size: 10pt; font-family: "Times New Roman", Times, serif;">2023</p>
</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">699,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">699,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">443,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">443,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">10.34</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">(4,384,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">)</td>
</tr>
<tr style="background-color: rgb(255, 255, 255); vertical-align: bottom">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">
<p style="margin: 0pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-align: center;">2024</p>
</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">502,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">502,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">357,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">357,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">4.40</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">(4,043,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding: 0; margin: 0">)</td>
</tr>
<tr style="background-color: rgb(204, 238, 255); vertical-align: bottom">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;">2025</p>
</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">747,500</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">747,500</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">465,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">465,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2.05</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td style="width: 11%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">(6,355,000</td>
<td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
</tr>
</tbody></table>
</div>
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
<tbody><tr style="vertical-align: top; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<td style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">(1)</p>
</td>
<td style="width: 98%; font-family: "Times New Roman", Times, serif; font-size: 10pt; text-align: justify;">The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Holst, our Chief Executive Officer, for each corresponding year in the "Total" column of the Summary Compensation Table. See "Executive Compensation Summary Compensation Table." Amounts for 2023 are as reported in the Summary Compensation Table included in the Company's proxy statement for its 2025 annual meeting of stockholders.</td>
</tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
<tbody><tr style="vertical-align: top; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<td style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">(2)</p>
</td>
<td style="width: 98%; font-family: "Times New Roman", Times, serif; font-size: 10pt; text-align: justify;">The dollar amounts reported in column (c) represent the amount of "compensation actually paid" to Mr. Holst, as computed in accordance with Item 402(v)(2)(iii) of Regulation S-K, which prescribes certain specified additions and subtractions from the amount in column (b). No equity awards were granted to, vested for, or held by Mr. Holst during 2023, 2024, or 2025. Accordingly, no adjustments were required, and compensation actually paid equals the Summary Compensation Table total for each year.</td>
</tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
<tbody><tr style="vertical-align: top; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<td style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;">(3)</p>
</td>
<td style="width: 98%; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">The dollar amounts reported in column (d) represent the average amounts reported for the Company's named executive officers as a group, excluding Mr. Holst, in the "Total" column of the Summary Compensation Table for each applicable year. Mr. Clark is the only named executive officer, other than Mr. Holst, included in the average for each of 2023, 2024, and 2025. Amounts for 2023 are as reported in the Summary Compensation Table included in the Company's proxy statement for its 2025 annual meeting of stockholders.</td>
</tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
<tbody><tr style="vertical-align: top; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<td style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">(4)</p>
</td>
<td style="width: 98%; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">The dollar amounts reported in column (e) represent the average amount of "compensation actually paid" to the named executive officers as a group, excluding Mr. Holst, as computed in accordance with Item 402(v)(2)(iii) of Regulation S-K, which prescribes certain specified additions and subtractions from the amount in column (d). No equity awards were granted to, vested for, or held by Mr. Clark during 2023, 2024, or 2025. Accordingly, no adjustments were required, and compensation actually paid equals the Summary Compensation Table total for each year.</td>
</tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
<tbody><tr style="vertical-align: top; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<td style="width: 2%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">(5)</p>
</td>
<td style="width: 98%; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">Total stockholder return is calculated in accordance with Item 201(e) of Regulation S-K and assumes an initial fixed investment of $100 in our Common Stock at the market close on December 30, 2022, the last trading day of 2022, with any dividends reinvested. Stock prices have been adjusted for the 1-for-15 and 1-for-40 reverse stock splits effective January 3, 2023 and August 23, 2024, respectively.</td>
</tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; margin-right: 0pt;">
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<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">(6)</p>
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<td style="width: 98%; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">The dollar amounts reported in column (g) represent the amount of net income (loss) reflected in the Company's audited consolidated financial statements for the applicable year.</td>
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699000
699000
443000
443000
10.3
-4384000
502000
502000
357000
357000
4.4
-4043000
747500
747500
465000
465000
2.05
-6355000
Mr. Holst
true