Quarterly report pursuant to Section 13 or 15(d)

Revision of Prior Period Financial Statements (Tables)

v3.21.2
Revision of Prior Period Financial Statements (Tables)
9 Months Ended
Sep. 30, 2021
Restatement [Abstract]  
Summary of Restatement of Balance Sheet
The effect of the adjustments on the line items on the Company’s consolidated balance sheet as of December 31, 2020 was as follows:
 
    
December 31, 2020
 
    
As previously reported
    
Adjustment
    
As adjusted
 
Inventories
   $ 30,292      $ (4,841    $ 25,451  
Current assets
     50,464        (4,841      45,623  
Total assets
     357,974        (4,841      353,133  
Accrued and other current liabilities
     56,381        (1,328      55,053  
Current liabilities
     233,207        (1,328      231,879  
Total liabilities
     307,132        (1,328      305,804  
Accumulated deficit
     (720,629      (3,513      (724,142
Total shareholders’ equity
     50,842        (3,513      47,329  
Total liabilities and shareholders’ equity
     357,974        (4,841      353,133  
Summary of Restatement of Statement of Operations
    
For the Nine Months Ended September 30, 2020
 
    
As previously reported
    
Adjustment
    
As adjusted
 
Costs and expenses applicable to revenues
   $ (40,789    $ (5,454    $ (46,243
Gross margin
     64,899        (5,454      59,445  
Loss from operations
     (234,192      (5,454      (239,646
Loss from operations before income tax
1
     (269,051      (5,314      (274,365
Income tax expense
     13,680        (1,408      12,272  
Net loss
     (282,591      (4,046      (286,637
 
(1)
The revised balance includes income of $0.1 million, resulting from a reclassification from the income on equity-accounted investment line to the other income line, on the unaudited interim condensed consolidated statements of operations for the nine months ended September 30, 2020.