Exhibit 107

 

Calculation of Filing Fee Tables

 

S-1

(Form Type)

 

BRAIN SCIENTIFIC, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Table 1: Newly Registered and Carry Forward Securities

 

   Security
Type		  Security
Class
Title(1)		  Fee
Calculation
or Carry
Forward Rule		   

Amount
Registered

  

Proposed
Maximum
Offering
Price Per
Unit

  Maximum
Aggregate
Offering
Price(1)(2)		   Fee
Rate		  Amount of
Registration
Fee		   Carry
Forward
Form
Type		   Carry
Forward
File
Number		   Carry
Forward
Initial
effective
date		   Filing Fee
Previously
Paid In
Connection
with
Unsold
Securities
to be
Carried
Forward		 
Newly Registered Securities 
Fees to Be Paid                                                    
   Equity  Units, each consisting of one share of Common Stock, par value $0.00001, per share and one Warrants each to purchase one share of Common Stock(1)   457(o)          $12,075,000   $92.70 per $1,000,000  $1,119.35                                 
   Equity  Common Stock included as part of the Units (3)(4)   457(i)                                         
   Equity  Warrants to purchase Common Stock included as part of the Units (4)(5)(6)(7)   (4) (6)                                          
   Equity  Common Stock issuable upon exercise of the Warrants (3)(7)   457(o)          $12,075,000   $92.70 per $1,000,000  $1,119.35                     
   Equity  Representative’s Warrants(6)   457(g)                                         
   Equity  Common Stock issuable upon exercise of Representative’s Warrants (8)   457(g)          $1,155,000   $92.70 per $1,000,000  $107.07                     
      Selling Stockholders Warrants (6)   457(g)                                         
      Common Stock issuable upon exercise of Selling Stockholders Warrants (9)   457(c)          $2,230,731.23   $92.70 per $1,000,000  $206.78                     
      Common Stock Issuable Upon Conversion of Debentures by Selling Stockholders (10)   457(c)          $5,659,500   $92.70 per $1,000,000  $524.63                     
Fees Previously Paid                                                    
Carry Forward Securities 
Carry Forward Securities                                                    
   Total Offering Amounts           $32,617,731.23                             
   Total Fees Previously Paid                                          
   Total Fee Offsets                                          
   Net Fee Due           $3,023.66                             

 

(1) Estimated solely for the purpose of computing the amount of the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended (the “Securities Act”).

 

 

 

(2) Includes Common Stock to cover the exercise of the over-allotment option granted to the underwriter.
(3) Pursuant to Rule 416 of the Securities Act, the shares of common stock registered hereby also includes an indeterminable number of additional shares of common stock as may from time to time become issuable by reason of stock splits, stock dividends, recapitalizations or other similar transactions.
(4) No fee required pursuant to Rule 457(i) under the Securities Act.
(5) Includes Common Stock which may be issued upon exercise of additional warrants which may be issued upon exercise of the over granted to the underwriter.
(6) In accordance with Rule 457(g) under the Securities Act, because the Common Stock underlying the Warrants are registered he registration fee is required with respect to the Warrants registered hereby.
(7) The warrants are exercisable at a per share price of 100% of the price per Unit in this offering.
(8) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(g) under the Securities Act. The warrants, or the Representative’s Warrants, are exercisable at a per share exercise price equal to 110% of the public offering price. As estimated solely for the purpose of recalculating the registration fee pursuant to Rule 457(g) under the Securities Act, the proposed maximum aggregate offering price of the shares of common stock issuable upon exercise of the Representative’s Warrants is equal to 110% of $1,050,000 (which is equal to 10% of $10,500,000).
(9) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) under the Securities Act. In accordance with Rule 457(c) under the Securities Act, the aggregate offering price for the shares of common stock issuable upon exercise of the Selling Stockholders warrants to be sold by the Selling Stockholders is calculated based on the $0.11805 average of the high and low prices reported on the OTCQB for August 9, 2022.
(10) In accordance with Rule 457(g) under the Securities Act, the aggregate offering price for the shares of common stock underlying the Debentures to be sold by the Selling Stockholders is calculated based on an assumed conversion price of $0.25 which is the higher of (i) the price at which the Debentures can be converted at today; and (ii) the $0.11805 average of the high and low prices reported on the OTCQB for August 9, 2022.