Quarterly report pursuant to Section 13 or 15(d)

Revisions of Previously Issued Financial Statements (Tables)

v3.22.2.2
Revisions of Previously Issued Financial Statements (Tables)
9 Months Ended
Sep. 30, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of financial statements
    As of June 30, 2021  
Condensed Consolidated Balance Sheet   As previously reported     Adjustment     As revised  
Property & equipment, net   $ 128,815     $ 13,500     $ 142,315  
Goodwill     267,409       (13,500 )     253,909  
Total assets     906,369      
—  
      906,369  
                         
      As of September 30, 2021    
Condensed Consolidated Balance Sheet     As previously reported       Adjustment       As revised  
Property & equipment, net   $ 200,751     $ 13,500     $ 214,251  
Goodwill     267,237       (13,500 )     253,737  
Total assets     954,407      
—  
      954,407  
                         
      As of December 31, 2021    
Consolidated Balance Sheet     As previously reported       Adjustment       As revised  
Property & equipment, net   $ 262,980     $ 13,500     $ 276,480  
Goodwill     349,063       (13,500 )     335,563  
Total assets     1,530,939      
—  
      1,530,939  

 

      As of March 31, 2022    
Condensed Consolidated Balance Sheet     As previously reported       Adjustment       As revised  
Property & equipment, net   $ 325,132     $ 13,500     $ 338,632  
Goodwill     349,148       (13,500 )     335,648  
Total assets     1,549,755      
—  
      1,549,755  
                         
      As of June 30, 2022    
Condensed Consolidated Balance Sheet     As previously reported       Adjustment       As revised  
Property & equipment, net   $ 411,244     $ 13,500     $ 424,744  
Goodwill    
—  
     
—  
     
—  
 
Total assets     1,436,225       13,500       1,449,725  
Accumulated deficit     (568,543 )     13,500       (555,043 )
Total stockholders’ equity     1,288,565       13,500       1,302,065  
Total liabilities and stockholders’ equity     1,436,225       13,500       1,449,725  
                         
      Three Months Ended June 30, 2022    
Condensed Consolidated Statement of Operations     As previously reported       Adjustment       As revised  
Impairment of goodwill   $ 349,148     $ (13,500 )   $ 335,648  
Total costs and expenses     438,960       (13,500 )     425,460  
Operating income (loss)     (366,013 )     13,500       (352,513 )
Net income (loss) before taxes     (372,533 )     13,500       (359,033 )
Net income (loss)     (366,334 )     13,500       (352,834 )
Basic net income (loss) per share     (2.81 )     0.10       (2.71 )
Diluted net income (loss) per share     (2.81 )     0.10       (2.71 )
                         
      Six Months Ended June 30, 2022    
Condensed Consolidated Statement of Operations     As previously reported       Adjustment       As revised  
Impairment of goodwill   $ 349,148     $ (13,500 )   $ 335,648  
Total costs and expenses     480,838       (13,500 )     467,338  
Operating income (loss)     (328,104 )     13,500       (314,604 )
Net income (loss) before taxes     (336,592 )     13,500       (323,092 )
Net income (loss)     (330,705 )     13,500       (317,205 )
Basic net income (loss) per share     (2.67 )     0.11       (2.56 )
Diluted net income (loss) per share     (2.67 )     0.11       (2.56 )
                         
      Six Months Ended June 30, 2022    
Condensed Consolidated Statement of Cash Flows     As previously reported       Adjustment       As revised  
Net income (loss)   $ (330,705 )   $ 13,500     $ (317,205 )
Impairment of goodwill     349,148       (13,500 )     335,648  
Net cash used in operating activities     (14,393 )    
—  
      (14,393 )