| SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS |
A
summary of the corrections to the impacted financial statement line items in the Company’s previously issued condensed consolidated
balance sheet and condensed consolidated statement of cash flows as of and for the nine months ended September 30, 2024 are as follows:
SCHEDULE
OF PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL
STATEMENTS
Condensed
Consolidated Balance Sheets
(In
thousands)
| As of September 30, 2024 |
|
|
|
|
|
|
|
|
|
| |
|
As Previously |
|
|
Revision |
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Revised |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash
equivalents |
|
$ |
64,584 |
|
|
$ |
(17,178 |
) |
|
$ |
47,406 |
|
| Marketable securities |
|
$ |
- |
|
|
$ |
17,178 |
|
|
$ |
17,178 |
|
| Total Current Assets |
|
$ |
160,259 |
|
|
$ |
- |
|
|
$ |
160,259 |
|
| Total Assets |
|
$ |
303,023 |
|
|
$ |
- |
|
|
$ |
303,023 |
|
Condensed
Consolidated Statements of Cash Flows
(in
thousands)
| For the Nine Months Ended September 30, 2024 |
|
|
|
|
|
|
|
|
|
| |
|
As Previously |
|
|
Revision |
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Revised |
|
| Cash Flows From Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from
sale of marketable securities |
|
$ |
- |
|
|
$ |
6,750 |
|
|
$ |
6,750 |
|
| Net Cash Used In Investing
Activities |
|
$ |
(9,738 |
) |
|
$ |
5,792 |
|
|
$ |
(3,946 |
) |
| Net Decrease In Cash and
Cash Equivalents and Restricted Cash |
|
$ |
(57,109 |
) |
|
$ |
5,792 |
|
|
$ |
(51,317 |
) |
| Cash and Cash Equivalents and Restricted Cash
- Beginning of Period |
|
$ |
121,770 |
|
|
$ |
(22,970 |
) |
|
$ |
98,800 |
|
| Cash and Cash Equivalents and Restricted Cash
- End of Period |
|
$ |
64,661 |
|
|
$ |
(17,178 |
) |
|
$ |
47,483 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents and restricted cash
consisted of the following: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
64,584 |
|
|
$ |
(17,178 |
) |
|
$ |
47,406 |
|
| Restricted
cash |
|
$ |
77 |
|
|
$ |
- |
|
|
$ |
77 |
|
| Cash and cash equivalents
and restricted cash |
|
$ |
64,661 |
|
|
$ |
(17,178 |
) |
|
$ |
47,483 |
|
|