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Restatement of Previously Issued Financial Statements (Tables)
12 Months Ended
Jun. 30, 2021
Prior Period Adjustment [Abstract]  
Schedule of Impact of the Restatement Adjustments of Liabilities and Stockholders' Equity

 

 

June 30, 2021

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

14,609

 

 

$

(10,083

)

 

$

4,526

 

Total current liabilities

 

 

30,294

 

 

 

(10,083

)

 

 

20,211

 

Deferred revenue, long-term

 

 

72,717

 

 

 

1,979

 

 

 

74,696

 

Total liabilities

 

 

132,736

 

 

 

(8,104

)

 

 

124,632

 

Stockholders’ equity:

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

 

(327,809

)

 

 

8,104

 

 

 

(319,705

)

Total stockholders’ equity

 

 

41,362

 

 

 

8,104

 

 

 

49,466

 

 

 

 

June 30, 2020

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

14,777

 

 

$

(9,548

)

 

$

5,229

 

Total current liabilities

 

 

23,304

 

 

 

(9,548

)

 

 

13,756

 

Deferred revenue, long-term

 

 

67,723

 

 

 

10,705

 

 

 

78,428

 

Total liabilities

 

 

131,510

 

 

 

1,157

 

 

 

132,667

 

Stockholders’ equity:

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

 

(277,234

)

 

 

(1,157

)

 

 

(278,391

)

Total stockholders’ equity

 

 

78,218

 

 

 

(1,157

)

 

 

77,061

 

Schedule of Impact of the Restatement Adjustments of Operations

 

 

Year Ended June 30, 2021

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Revenue

 

$

25,535

 

 

$

9,261

 

 

$

34,796

 

Loss from operations

 

 

(69,685

)

 

 

9,261

 

 

 

(60,424

)

Net loss

 

 

(50,575

)

 

 

9,261

 

 

 

(41,314

)

Net loss:

 

 

 

 

 

 

 

 

 

Basic

 

 

(50,575

)

 

 

9,261

 

 

 

(41,314

)

Diluted

 

 

(77,969

)

 

 

9,261

 

 

 

(68,708

)

Net loss per share:

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.45

)

 

 

0.08

 

 

 

(0.37

)

Diluted

 

 

(0.68

)

 

 

0.08

 

 

 

(0.60

)

 

 

 

Year Ended June 30, 2020

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Revenue

 

$

28,913

 

 

$

(1,157

)

 

$

27,756

 

Loss from operations

 

 

(24,540

)

 

 

(1,157

)

 

 

(25,697

)

Net loss

 

 

(46,016

)

 

 

(1,157

)

 

 

(47,173

)

Net loss:

 

 

 

 

 

 

 

 

 

Basic

 

 

(46,016

)

 

 

(1,157

)

 

 

(47,173

)

Diluted

 

 

(46,016

)

 

 

(1,157

)

 

 

(47,173

)

Net loss per share:

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.51

)

 

 

(0.01

)

 

 

(0.52

)

Diluted

 

 

(0.51

)

 

 

(0.01

)

 

 

(0.52

)

Schedule of Impact of the Restatement Adjustments of Stockholders' Equity

 

 

Year Ended June 30, 2021

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Statement of Stockholders' Equity

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(327,809

)

 

$

8,104

 

 

$

(319,705

)

Total stockholders' equity

 

 

41,362

 

 

 

8,104

 

 

 

49,466

 

 

 

 

Year Ended June 30, 2020

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Statement of Stockholders' Equity

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(277,234

)

 

$

(1,157

)

 

$

(278,391

)

Total stockholders' equity

 

 

78,218

 

 

 

(1,157

)

 

 

77,061

 

Schedule of Impact of the Restatement Adjustments of Cash Flows

 

 

Year Ended June 30, 2021

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Statement of Cash Flows

 

 

 

 

 

 

 

 

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(50,575

)

 

$

9,261

 

 

$

(41,314

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

 

4,826

 

 

 

(9,261

)

 

 

(4,435

)

Net cash used in operating activities

 

 

(31,964

)

 

 

 

 

 

(31,964

)

 

 

 

Year Ended June 30, 2020

 

 

 

As Originally Reported

 

 

Adjustments

 

 

As Restated

 

Statement of Cash Flows

 

 

 

 

 

 

 

 

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(46,016

)

 

$

(1,157

)

 

$

(47,173

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

 

74,726

 

 

 

1,157

 

 

 

75,883

 

Net cash provided by operating activities

 

 

34,258

 

 

 

 

 

 

34,258