We are filing this General Form for Registration of Securities on Form 10 to register our common stock, pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Once this registration statement is deemed effective, we will be subject to the requirements of Section 13(a) under the Exchange Act, which will require us to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and we will be required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act.
Our common stock was previously registered under Section 12(g) of the Exchange Act under Commission File Number 000-55236. However, on October 13, 2017, such registration was revoked by the U.S. Securities and Exchange Commission (the “SEC”) as a result of our failure to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because we had not filed any periodic reports with the SEC since the period ended December 31, 2015. As disclosed in this Form 10, we recently effected a recapitalization and improved our operations, which we believe, among other reasons, will enable us to meet our ongoing reporting requirements under the Exchange Act.
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