EX-99.1 2 a8-kexhibit99120220323.htm EX-99.1 Document

Exhibit 99.1 Schedule of selected items in the Restated Periods
The table below is only a summary of the adjustments expected to be reflected in the 2021 Form 10-K, and the adjustments shown below are preliminary and remain subject to changes pending the completion of the audit.
Restated Interim PeriodsRevised*
Three Months EndedThree Months EndedSix Months EndedThree Months EndedNine Months EndedTwelve Months Ended
March 31, 2020June 30, 2020September 30, 2020December 31, 2020
Income Statement
Revenue
   As Reported$4,763,668 $3,135,039 $7,898,707 $4,036,120 $11,934,827 $18,329,555 
   As Restated4,324,475 3,049,817 7,374,292 4,207,554 11,581,846 17,967,207 
   Change(439,193)(85,222)(524,415)171,434 (352,981)(362,348)
   % Change(9.22)%(2.72)%(6.64)%4.25 %(2.96)%(1.98)%
Cost of Revenue
   As Reported$2,140,517 $1,414,249 $3,554,766 $1,701,770 $5,256,536 $8,000,038 
   As Restated1,988,277 1,377,800 3,366,077 1,750,743 5,116,820 7,896,078 
   Change(152,240)(36,449)(188,689)48,973 (139,716)(103,960)
   % Change(7.11)%(2.58)%(5.31)%2.88 %(2.66)%(1.30)%
Net Income (Loss)
   As Reported$(6,163,461)$(1,791,141)$(7,954,603)$(1,254,799)$(9,209,402)$(10,250,007)
   As Restated(6,450,414)(1,839,915)(8,290,329)(1,132,339)(9,422,668)(10,508,395)
   Change(286,953)(48,774)(335,726)122,460 (213,266)(258,388)
   % Change(4.66)%(2.72)%(4.22)%9.76 %(2.32)%(2.52)%
EPS
   As Reported$(0.18)$(0.05)$(0.22)$(0.03)$(0.24)$(0.25)
   As Restated(0.19)(0.05)(0.23)(0.02)(0.24)(0.25)
   Change(0.01)— (0.01)0.01 — — 
Current Liabilities
Creator Payables
   As Reported$553,183 $593,549 $758,336 $882,044 
   As Restated867,644 861,328 1,168,065 1,312,875 
   Change314,461 — 267,779 — 409,729 430,831 
Contract Liabilities
   As Reported$5,597,479 $5,841,264 $7,028,687 $7,180,264 
   As Restated5,178,515 5,510,305 6,461,575 6,634,870 
   Change(418,964)— (330,959)— (567,112)(545,394)
*The cumulative impact for the year ended December 31, 2020 is not material, and is not required to be restated.