XML 64 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Event (Details Textual) - Subsequent Event [Member] - USD ($)
$ / shares in Units, $ in Thousands
Mar. 28, 2018
Mar. 22, 2018
Subsequent Event (Textual)    
Public offering price per share   $ 4
Total gross proceeds   $ 6,200
Additional ordinary shares 232,500 1,550,000
Gross proceed from additional ordinary shares $ 930,000  
Description of financial information on a pro forma

The following transactions are reflected in the Company’s selected financial information on a pro forma and as adjusted basis:

 

● Completion of the initial public offering of 1,550,000 shares of its ordinary shares for gross proceeds of $6,200,000, and less costs of $975,788, for net proceeds of $5,224,212;
  ● Offering of 232,500 ordinary shares pursuant to the underwriters’ over-allotment option for gross proceeds of $930,000 and less costs of $88,350, for net proceeds of $841,650.
  ● Deposit of $600,000 to fund an escrow account established for purposes of indemnifying the underwriters of the initial public offering for a period of 30 months;
● To net against prepaid IPO costs of $2,404,580 with the Company’s gross proceeds, of which, $2,000,000 are non-cash transactions in relation to the issuance of ordinary shares to service providers for IPO services.