RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

9 Months Ended

Sep. 30, 2023

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

As discussed in Note 2, the Company determined that its unaudited interim consolidated statements of cash flows for the three months ended March 31, 2023, the six months ended June 30, 2023 and the nine months ended September 30, 2023 were materially misstated and should be restated. The table below sets forth the restatements of the impacted line items of each respective unaudited interim consolidated statement of cash flows. The error had no impact on the Company’s unaudited interim consolidated balance sheets, unaudited interim consolidated statements of operations and unaudited interim consolidated statements of stockholders’ equity for each of these periods.


	Three Months Ended March 31, 2023 (unaudited)
	As Previously Reported		Adjustment		As Restated
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment of contingent value rights liability	$	(3,899)	$	3,899	$	—
Net cash used in investing activities	(16,170)		3,899		(12,271)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of contingent value rights liability related to proceeds from sale of net assets held for sale	$	—	$	(3,899)	$	(3,899)
Net cash provided by financing activities	33,546		(3,899)		29,647

	Six Months Ended June 30, 2023 (unaudited)
	As Previously Reported		Adjustment		As Restated
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment of contingent value rights liability	$	(9,598)	$	9,598	$	—
Net cash used in investing activities	(28,433)		9,598		(18,835)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of contingent value rights liability related to proceeds from sale of net assets held for sale	$	—	$	(9,598)	$	(9,598)
Net cash provided by financing activities	37,361		(9,598)		27,763


	Nine Months Ended September 30, 2023 (unaudited)
	As Previously Reported		Adjustment		As Restated
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment of contingent value rights liability related to proceeds from sale of net assets held for sale	$	(9,598)	$	9,598	$	—
Net cash used in investing activities	(53,835)		9,598		(44,237)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of contingent value rights liability related to proceeds from sale of net assets held for sale	$	—	$	(9,598)	$	(9,598)
Net cash provided by financing activities	58,739		(9,598)		49,141