Not as cut and dry as you suggest. NASDAQ Global Market listing is not as stringent as the listing requirements you outline.
Nasdaq Global Market Listing Requirements
Pre-Tax Income Last Year (In latest fiscal year or in 2 of last 3 fiscal years) $1,000,000
Total Assets and Total Revenue (In latest fiscal year or in 2 of last 3 fiscal years) $75,000,000
Market Value Publicly Held Stock(1) $8,000,000
Market Value of Listed Securities(2) $75,000,000
# of Shares Publicly Held 1,100,000
# Public Board Lot Holders 400
Trading Price of Listed Securities $4.00
Shareholders Equity $15,000,000
Operating History 2 years
We could be back on NASDAQ within fiscal year with a big contract that gets us up to 4.00 per share.