Restatement of Previously Issued Unaudited Interim Condensed Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Changes and Error Corrections [Abstract]

Summary of Revision on the Prior Period Financial Statements

The following tables present a reconciliation of the as previously reported condensed consolidated financial statements to the restated amounts as of and for the three and six months ended June 30, 2023 which include the following: (1) as restated condensed consolidated balance sheet, (2) as restated condensed consolidated statement of operations and comprehensive loss and (3) as restated condensed consolidated statement of cash flows. Presented below are the changes to each financial statement line item which changed as a result of the restatement.

Condensed Consolidated Balance Sheet

	As of June 30, 2023
	As Previously Reported		Restatement Adjustments		As Restated
Property held for lease, net of accumulated depreciation and impairment	$	54,352	$	(1,567)	$	52,785
Prepaid expenses and other current assets	$	6,485	$	(1,241)	$	5,244
Total current assets	$	102,408	$	(2,808)	$	99,600
Total assets	$	105,565	$	(2,808)	$	102,757
Accrued liabilities	$	14,588	$	6,214	$	20,802
Unearned revenue	$	1,988	$	2,631	$	4,619
Total current liabilities	$	17,854	$	8,845	$	26,699
Total liabilities	$	105,845	$	8,845	$	114,690
Accumulated deficit	$	(92,200)	$	(11,653)	$	(103,853)
Total stockholders' deficit	$	(280)	$	(11,653)	$	(11,933)
Total liabilities and stockholders' deficit	$	105,565	$	(2,808)	$	102,757

Condensed Consolidated Statement of Operations and Comprehensive Loss

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
	As Previously Reported		Restatement Adjustments		As Restated		As Previously Reported		Restatement Adjustments		As Restated
Rental revenue	$	53,874	$	(435)	$	53,439	$	108,598	$	(1,028)	$	107,570
Total revenue	$	54,571	$	(435)	$	54,136	$	110,247	$	(1,028)	$	109,219
Cost of revenue	$	43,874	$	795	$	44,669	$	86,047	$	1,835	$	87,882
Gross profit	$	10,697	$	(1,230)	$	9,467	$	24,200	$	(2,863)	$	21,337
Total operating expenses	$	13,679	$	(202)	$	13,477	$	29,448	$	(404)	$	29,044
Loss from operations	$	(2,982)	$	(1,028)	$	(4,010)	$	(5,248)	$	(2,459)	$	(7,707)
Loss before income taxes	$	(6,396)	$	(1,028)	$	(7,424)	$	(15,490)	$	(2,459)	$	(17,949)
Net loss	$	(6,410)	$	(1,028)	$	(7,438)	$	(15,524)	$	(2,459)	$	(17,983)
Net loss per common share - basic and diluted	$	(1.57)	$	(0.25)	$	(1.83)	$	(3.86)	$	(0.61)	$	(4.47)

Condensed Consolidated Statement of Cash Flow

	Six Months Ended June 30, 2023
	As Previously Reported		Restatement Adjustments		As Restated
Net loss	$	(15,524)	$	(2,459)	$	(17,983)
Depreciation and amortization	$	59,646	$	1,245	$	60,891
Net book value of property held for lease buyouts	$	12,921	$	375	$	13,296
Impairment on property held for lease expense	$	10,515	$	85	$	10,600
Property held for lease	$	(86,725)	$	(697)	$	(87,422)
Prepaid expenses and other current assets	$	2,030	$	828	$	2,858
Accrued liabilities	$	(437)	$	623	$	186
Net cash used in operating activities	$	(8,551)	$	—	$	(8,551)