| Capitalization | ||||||||||||
| Pre-Money | First-Round | Mezzanine | IPO | |||||||||
| Founders | 6,812,000 | 68% | 6,812,000 | 46% | $10,490 | 6,812,000 | 36% | $ 54,733 | 6,812,000 | 29% | $145,955 | |
| Advisors | 1,550,000 | 16% | 1,550,000 | 10% | $ 2,387 | 1,550,000 | 8% | $ 12,454 | 1,550,000 | 7% | $ 33,210 | |
| Royal Family | 1,638,000 | 16% | 1,638,000 | 11% | $ 2,523 | 1,638,000 | 9% | $ 13,161 | 1,638,000 | 7% | $ 35,096 | |
| Employee Pool | 2,987,013 | 20% | $ 4,600 | 2,987,013 | 16% | $ 24,000 | 2,987,013 | 13% | $ 64,000 | |||
| Series A Preferred | 1,948,052 | 13% | $ 3,000 | 1,948,052 | 10% | $ 15,652 | 1,948,052 | 8% | $ 41,739 | |||
| Series B Preferred | 3,733,766 | 20% | $ 30,000 | 3,733,766 | 16% | $ 80,000 | ||||||
| Public Offering | 4,667,208 | 20% | $100,000 | |||||||||
| 10,000,000 | 14,935,065 | $23,000 | 18,668,831 | $150,000 | 23,336,038 | $500,000 | ||||||
| Price/Share | $1.54 | Price/Share | $8.03 | Price/Share | $21.43 | |||||||