The Company also plans to serve case look at answer entry handle and law enforcement facial consciousness markets. Effective June 25, 2012, case look at solution Company bought 100% of case examine solution membership pursuits in 3D ID, LLC “3D ID”,a limited legal responsibility company shaped in Florida in February 2011 and owned by case study answer Company’s founders. Since this was a transactionbetween entities under common handle in keeping with Accounting Standards Codification “ASC” 805, “BusinessCombinations”, Nxt ID identified case look at answer net property of 3D ID at their wearing quantities in case study solution bills of Nxt ID on case examine solution datethat 3D ID was arranged, February 14, 2011. We are an “emerginggrowth agency” as described in case study solution Jumpstart Our Business Startups Act of 2012, or JOBS Act. We will remain an emerging growthcompany for up to 5 years, or except case examine solution earliest of i case study answer last day of case examine answer first economic year in which our annual gross revenueexceed $1 billion, ii case look at answer date that we become a ‘‘massive expanded filer’’ as described in Rule 12b 2under case examine solution Exchange Act, which would occur if case look at answer marketplace cost of our common stock that is held by non associates exceeds $700 millionas of case look at solution last company day of our most these days completed 2nd monetary quarter or iii case look at answer date on which we’ve issued morethan $1 billion in non convertible debt during case study answer preceding three year period. Pursuant to Section 102 of case look at solution JOBS Act, we haveprovided reduced executive compensation disclosure and have disregarded a reimbursement discussion and analysis from this prospectus.
The Company also plans to serve case look at answer entry handle and law enforcement facial consciousness markets. Effective June 25, 2012, case look at solution Company bought 100% of case examine solution membership pursuits in 3D ID, LLC “3D ID”,a limited legal responsibility company shaped in Florida in February 2011 and owned by case study answer Company’s founders. Since this was a transactionbetween entities under common handle in keeping with Accounting Standards Codification “ASC” 805, “BusinessCombinations”, Nxt ID identified case look at answer net property of 3D ID at their wearing quantities in case study solution bills of Nxt ID on case examine solution datethat 3D ID was arranged, February 14, 2011. We are an “emerginggrowth agency” as described in case study solution Jumpstart Our Business Startups Act of 2012, or JOBS Act. We will remain an emerging growthcompany for up to 5 years, or except case examine solution earliest of i case study answer last day of case examine answer first economic year in which our annual gross revenueexceed $1 billion, ii case look at answer date that we become a ‘‘massive expanded filer’’ as described in Rule 12b 2under case examine solution Exchange Act, which would occur if case look at answer marketplace cost of our common stock that is held by non associates exceeds $700 millionas of case look at solution last company day of our most these days completed 2nd monetary quarter or iii case look at answer date on which we’ve issued morethan $1 billion in non convertible debt during case study answer preceding three year period. Pursuant to Section 102 of case look at solution JOBS Act, we haveprovided reduced executive compensation disclosure and have disregarded a reimbursement discussion and analysis from this prospectus.