2.1A Introduction to Micro-Cap and Small-Cap Company Analysis
2.2 Financials
2.2A Introduction to Financial Analysis
2.2B Balance Sheet
2.2C Cash Flow Statement
2.2D Burn Rate
2.2E Months of cash on hand
2.2F Previous Capital Raises and Capital Raised to Date
2.2G Revenue & Ebitda QoQ & YoY Growth Rates
2.2H Third-Party Service Providers Review
2.3 Management
2.3A Securities Counsel
2.3B IR Firm
2.3C Auditor
2.4 Executive Management Analysis
2.4A Previous companies & track record
2.4B Background check and disclosures
2.4C Salaries & Compensation Plans
2.4D Board of Directors
2.4E Insider transaction history (buys/sells)
2.5 Cap Table
2.5A Introduction to Cap Tables
2.5B Description of Authorized Shares
2.5C Description of Outstanding Shares
2.5D Intro to Float – QoQ & YoY Float increases
2.5E Description of Preferred Stock (Voting & Convertible)
2.5F Analysis of outstanding preferred stock and calculating fully diluted outstanding shares & market cap
2.5G SEC Rule 144 exemption from registration and legend removal from restricted stock
2.5HCalculating estimated float increase from restricted stock issuances and 144 requirements for new sales
2.5I Summary of a reverse stock split – historical performance and increased dilution risk
2.6 Business Model
2.6A Business model analysis
2.6B Revenue attribution
2.6C COGS
2.6D Operating expenses
2.6E Comp analysis (CCA) and median valuation multiples (VM)
2.6F Rev & Ebitda Growth Rate comparison against dilution rate
2.6G Forecasting stock price using growth & dilution rates against the comp analyzed valuation multiples
2.6H  Industry and overall  TTM sector performance
2.7 Additional Risk Review
2.7A Convertible Debt & Toxic Financings
2.7B  Variable priced convertible debt
2.7C Reading a Quarterly or Annual Report
2.7D Outstanding Warrants and Strike Price
2.8 Equity Ownership
2.8A Common Stock Ownership
2.8B Insider Ownership
2.8C Reporting Shareholders
2.8D Institutional Ownership
2.8E ETF allocation