Schedule of Tables Reflecting Impact of Adjustments to Specific Line Items Presented in Previously Reported Consolidated Financial Statements |
The following tables reflect the impact of the adjustments to the specific line items presented in the Company’s previously reported consolidated financial statements as of and for the year-ended December 31, 2021 (in thousands, except per share amounts):
Consolidated Balance Sheet
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As of December 31, 2021 |
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As Reported |
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Adjustment |
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As Adjusted |
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Intangible assets, net |
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$ |
88,247 |
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|
$ |
5,625 |
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$ |
93,872 |
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Goodwill |
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34,058 |
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7,970 |
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42,028 |
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Total assets |
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504,752 |
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13,595 |
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518,347 |
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Contingent consideration, current |
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19,988 |
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65 |
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20,053 |
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Total current liabilities |
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191,276 |
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65 |
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191,341 |
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Contingent consideration, non-current |
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24,737 |
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6,796 |
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31,533 |
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Other non-current liabilities |
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13,078 |
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813 |
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13,891 |
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Total liabilities |
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424,173 |
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7,674 |
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431,847 |
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Accumulated deficit |
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(350,958 |
) |
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5,921 |
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(345,037 |
) |
Total stockholders' equity |
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80,579 |
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5,921 |
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86,500 |
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Total liabilities and stockholders' equity |
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504,752 |
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13,595 |
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518,347 |
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Consolidated Statement of Operations and Comprehensive Loss
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Year Ended |
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December 31, 2021 |
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As Reported |
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Adjustment |
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As Adjusted |
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General and administrative |
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$ |
97,918 |
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|
$ |
(6,251 |
) |
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$ |
91,667 |
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Amortization |
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8,497 |
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375 |
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8,872 |
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Total operating expenses |
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182,554 |
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(5,876 |
) |
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176,678 |
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Loss from operations |
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(67,249 |
) |
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5,876 |
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(61,373 |
) |
Loss before provision for income taxes |
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(67,849 |
) |
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5,876 |
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(61,973 |
) |
Provision for income taxes |
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2,744 |
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(45 |
) |
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2,699 |
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Net loss |
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(70,593 |
) |
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5,921 |
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(64,672 |
) |
Basic and diluted net loss per share |
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(2.12 |
) |
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0.18 |
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(1.94 |
) |
Total comprehensive loss |
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(70,763 |
) |
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5,921 |
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(64,842 |
) |
Consolidated Statement of Stockholders’ Equity
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Accumulated Deficit |
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As Reported |
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Adjustment |
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As Adjusted |
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Net loss |
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$ |
(70,593 |
) |
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$ |
5,921 |
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$ |
(64,672 |
) |
Balance as of December 31, 2021 |
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(350,958 |
) |
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5,921 |
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(345,037 |
) |
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Total Stockholders' Equity |
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Net loss |
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(70,593 |
) |
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5,921 |
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(64,672 |
) |
Balance as of December 31, 2021 |
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80,579 |
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5,921 |
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86,500 |
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Consolidated Statement of Cash Flows
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Year Ended |
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December 31, 2021 |
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As Reported |
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Adjustment |
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As Adjusted |
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Cash flows from operating activities: |
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Net loss |
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$ |
(70,593 |
) |
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$ |
5,921 |
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$ |
(64,672 |
) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
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Depreciation and amortization |
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9,035 |
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375 |
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9,410 |
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Change in fair value of contingent consideration |
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18,325 |
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(6,251 |
) |
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12,074 |
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Change in deferred taxes |
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— |
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(45 |
) |
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(45 |
) |
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