Requirements for NASDAQ
Standard 1: Earnings Standard 2: Capitalization with Cash Flow
Market Value of Publicly Held Securities
(1)$45,000,000 $110,000,000
# of Shares Publicly Held
(2) 1,250,000 1,250,000 @ $4.00 Minimum
# Public Board Lot Holders
450 450
Trading Price of Listed Securities
(2) $4.00 $4.00