Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table reflects the impact of the correction on all affected line items of the Company's previously reported condensed consolidated financial statements for the period ended March 31, 2021 (in thousands):

	Three Months Ended March 31, 2021
	Previously Reported		Error Correction		As Adjusted
Condensed Consolidated Statement of Operations
Cost of sales - Services	$	39,602	$	(112)	$	39,490
Costs and expenses	41,400		(112)		41,288
General and administrative	19,964		112		20,076
Selling, general and administrative expenses	27,851		112		27,963

	Three Months Ended March 31, 2021
	Previously Reported		Error Correction		As Adjusted
Condensed Consolidated Statement of Cash Flows
Changes in other operating assets and liabilities	$	(9,584)	$	2,436	$	(7,148)
Cash used in operating activities	(9,318)		2,436		(6,882)
Distribution to Telos ID Class B member - non-controlling interest	—		(2,436)		(2,436)
Cash used in financing activities	(321)		(2,436)		(2,757)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the period of net loss, potentially dilutive securities are not included in the calculation of diluted net earnings (loss) per share, because to do so would be anti-dilutive. Potentially dilutive securities are as follows (in common stock equivalent shares, in thousands):

	Three Months Ended March 31,
	2022 (1)	2021
Unvested restricted stock	—	3,167
Common stock warrants, exercisable at $1.665/sh.	—	901
Total	—	4,068

(1) For the three months ended March 31, 2022, the weighted-average unvested restricted stock of approximately 4 million shares were anti-dilutive and were excluded in the computation of the potentially dilutive securities because the hypothetical repurchase of shares exceeds the unvested restricted stocks using the treasury stock method.

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) included within stockholders’ equity consists of the following (in thousands):

	March 31, 2022		December 31, 2021
Cumulative foreign currency translation loss	$	(105)	$	(134)
Cumulative actuarial gain on pension liability adjustment	107		107
Accumulated other comprehensive income (loss)	$	2	$	(27)