Following the reverse stock split, the authorized number of Class A common shares has been reduced from 37,888,889 to 4,736,111, par value $0.021848 per share, and the authorized number of Class B common shares is reduced from 12,111,111 to 1,513,889, par value $0.021848 per share. In addition, as a result of the reverse stock split, the Company has approximately 2,210,683 Class A common shares and 1,388,888 Class B common shares issued and outstanding. All outstanding options, warrants and other rights to purchase the Company's Class A and Class B common shares are adjusted proportionately as a result of the reverse stock split. The number of shares authorized for issuance under the Company's stock option plans are also proportionately reduced to reflect the reverse stock split.
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