Form U-7 - Small Company Offering Registration (Scor) Form Page 10

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21
(b)
If yes, how much does the Company plan to spend on research and development
during the current fiscal year?
21.
(c)
How does the Company intend to fund these research and development costs?
GOVERNMENTAL REGULATION
22.
(a)
Is the Company's business subject to material regulation by any governmental
agency?
[ ] Yes[ ] No
22.
(b)
Are the Company's products or services subject to material regulation by any
governmental agency?[ ] Yes[ ] No
22.
(c)
Are the Company's properties subject to material regulation by any governmental
agency?
[ ] Yes[ ] No
22.
(d)
Explain in detail any “yes” answer to Item 22(a), 22(b), or 22(c), including the
nature and extent of the regulation and its effect or potential effect upon the Company.
23.
(a)
Is the Company required to have a license or permit to conduct business?
[ ] Yes[ ] No
23.
(b)
If yes, does the Company have the required license or permit?
[ ] Yes[ ] No
23.
(c)
If the answer to Item 23(b) is “yes,” describe the effect on the Company and its
business if it were to lose the license or permit.
23.
(d)
If the Company has not yet acquired a required license or permit, describe the steps
the Company needs to take to obtain the license or permit. Estimate the time it will take to
complete each step.
COMPANY HISTORY AND ORGANIZATION
24.
Summarize the material events in the development of the Company.
Small Company Offering Registration (SCOR) Form
Page - 10
Revised: September 28, 1999

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