Given the absence
of a public trading market
of our common stock, and in accordance with the American Institute
of Certified Public Accountants Accounting and Valuation Guide, Valuation
of Privately - Held Company Equity Securities Issued
as Compensation, our board
of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate
of fair value
of our common stock, including independent third - party valuations
of our common stock; the prices at which we sold shares
of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges
of our convertible preferred stock relative to those
of our common stock; our operating results, financial position, and capital resources; current business
conditions and projections; the lack
of marketability
of our common stock; the hiring
of key personnel and the experience
of our management; the introduction
of new products; our stage
of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood
of achieving a liquidity event, such
as an initial public offering or a sale
of our company given the prevailing market
conditions and the nature and
history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product,
employment, inflation and interest rates, and the general economic outlook.
Provides that it shall be an unlawful discriminatory practice for an employer to require,
as a
condition of employment, an employee or prospective employee to consent to the creation
of a credit report that contains information about the employee's or prospective employee's credit score, credit account balances, payment
history, savings or checking account balances or savings or checking account numbers unless exceptions are met.
An employer shall not require an employee or prospective employee to consent to a request for a credit report that contains information about the employee's or prospective employee's credit score, credit account balances, payment
history, savings or checking account balances, or savings or checking account numbers
as a
condition of employment.