Correction of immaterial errors (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Changes and Error Corrections [Abstract]

Schedule of Effect of Adjustments to Financial Statements

The effect of the adjustments to our Unaudited Condensed Consolidated Balance Sheet as of September 30, 2022 was as follows:

	September 30, 2022
(In thousands)	As reported		Adjustment		As corrected
Prepaid expenses and other current assets	$	8,041	$	341	$	8,382
Total current assets	135,874		341		136,215
Total assets	487,679		341		488,020
Accrued expenses and other current liabilities	7,778		(340)		7,438
Sales taxes payable	-		3,810		3,810
Total current liabilities	36,948		3,470		40,418
Total liabilities	79,430		3,470		82,900
Accumulated deficit	(194,597)		(3,129)		(197,726)
Total shareholders’ equity	408,249		(3,129)		405,120
Total liabilities and shareholders’ equity	487,679		341		488,020

The effect of the adjustments to our Unaudited Condensed Consolidated Statements of Operations for the quarter ended September 30, 2022 was as follows:

	Three Months Ended September 30, 2022						Nine Months Ended September 30, 2022
(In thousands, except per share and share data)	As reported		Adjustment		As corrected		As reported		Adjustment		As corrected
General and administrative	$	11,581	$	335	$	11,916	$	34,128	$	970	$	35,098
Total operating expenses	52,152		335		52,487		212,800		970		213,770
Operating loss	(11,405)		(335)		(11,740)		(95,300)		(970)		(96,270)
Interest income (expense)	10		(25)		(15)		(181)		(69)		(250)
Total other income, net	849		(25)		824		786		(69)		717
Loss before income tax benefit	(10,556)		(360)		(10,916)		(94,514)		(1,039)		(95,553)
Net loss	(9,957)		(360)		(10,317)		(89,577)		(1,039)		(90,616)
Net loss per basic and diluted share	(0.23)		(0.01)		(0.24)		(2.11)		(0.03)		(2.14)

The effect of the adjustments to our Unaudited Condensed Consolidated Statements of Cash Flows for the quarter ended September 30, 2022 was as follows:

	Nine Months Ended September 30, 2022
(In thousands)	As reported		Adjustment		As corrected
Net loss	$	(89,577)	$	(1,039)	$	(90,616)
Prepaid expenses and other current assets	(1,356)		(487)		(1,843)
Sales taxes payable	-		1,526		1,526