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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 06/17/2004
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CAPITALIZATION

       The following table sets forth our capitalization as of March 31, 2004:

  •  on an actual basis; and
 
  •  on a pro forma as adjusted basis reflecting:

       •  the conversion of all of our preferred stock into an aggregate of 66,436,116 shares of common stock immediately prior to the closing of this offering;
 
       •  the conversion of the outstanding principal and accrued interest under a $2 million cumulative convertible pay-in-kind 8% note issued to Siemens in August 2003 into an aggregate of                               shares of our common stock immediately prior to the closing of this offering, based on an assumed initial public offering price of $           per share; and
 
       •  the sale of                      shares of our common stock at an assumed initial public offering price of $           per share, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

       You should read this table in conjunction with the sections of this prospectus entitled “Selected Financial Data” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and with our financial statements and related notes.

                     
As of March 31, 2004

Pro forma
Actual as adjusted


(unaudited)
(in thousands,
except shares)
Cash and cash equivalents
  $ 27,614     $    
     
         
Short-term investments
    5,062          
     
         
Long-term debt, including current maturities
    4,287          
Stockholders’ equity
               
 
Convertible preferred stock, $0.001 par value; 70,000,000 shares authorized, 66,436,116 shares issued and outstanding, actual; 10,000,000 shares authorized, no shares outstanding, pro forma as adjusted
    66          
 
Common stock, $0.001 par value; 95,000,000 shares authorized, 5,547,175 shares outstanding (66,355 in treasury), actual; 100,000,000 authorized,            shares issued and outstanding, pro forma as adjusted
    6          
Notes receivable, common stock
    (446 )        
Deferred compensation
    (671 )        
Additional paid-in capital
    129,916          
Accumulated deficit
    (95,266 )        
Accumulated comprehensive loss
    (59 )        
     
     
 
 
Total stockholders’ equity
    33,546          
     
     
 
   
Total capitalization
  $ 37,833          
     
     
 

       The table above does not include:

  •  7,418,310 shares of our common stock issuable upon exercise of options outstanding as of March 31, 2004 under our 1994 Stock Option Plan, our 2002 Stock Incentive Plan, and our Non-Employee Directors’ Stock Plan at a weighted average exercise price of $1.33 per share;

26


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