Revision of Prior Period Financial Statements

During the second quarter of 2019, we revised prior period financial statements to correct an immaterial error related to the channel attribution of certain loans and the commissions associated with those loans. Commissions become due upon the closing of a loan. Those commissions are capitalized as a component of the loan balance and are amortized as an adjustment to interest income over the life of the loan. A summary of those revisions is as follows:

Revised Consolidated Balance Sheet as of December 31, 2018 (in thousands):



	As Reported			Adjustment			As Revised
Loans and finance receivables	$	1,169,157		$	250		$	1,169,407
Total assets	$	1,161,570		$	250		$	1,161,820
Accrued expenses and other liabilities	$	34,654		$	2,054		$	36,708
Total liabilities	$	857,281		$	2,054		$	859,335
Accumulated deficit	$	(195,155	)	$	(1,804	)	$	(196,959	)
Total On Deck Capital, Inc. stockholders' equity	$	299,756		$	(1,804	)	$	297,952
Total stockholders' equity	$	304,289		$	(1,804	)	$	302,485

Revised Consolidated Statements of Operations and Comprehensive Income (in thousands):



	Three Months Ended September 30, 2018				Nine Months Ended September 30, 2018
	As Reported		Adjustment	As Revised	As Reported		Adjustment	As Revised
Interest and finance income	$99,476		$(159)	$99,317	$278,216		$(461)	$277,755
Gross revenue	$102,999		$(159)	$102,840	$288,897		$(461)	$288,436
Net revenue	$52,169	⁽¹⁾	$(159)	$52,010	$144,364	⁽¹⁾	$(461)	$143,903
Income (loss) from operations, before provision for income taxes	$9,497	⁽¹⁾	$(159)	$9,338	$11,835	⁽¹⁾	$(461)	$11,374
Net income (loss)	$9,497		$(159)	$9,338	$11,835		$(461)	$11,374

⁽¹⁾ Includes a prior period reclassification to include interest expense as funding costs.

There was no impact to earnings per share for any period presented.

Revised Consolidated Statements of Cash Flows

We revised our condensed consolidated statement of cash flows for the nine months ended September 30, 2018 to reflect the correction of the error, which had no impact to net cash provided by operating activities, net cash used in investing activities and net cash provided by financing activities in the period.