| Schedule of error correction effect on company's financial statements |
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As of December 31, 2021 |
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As previously |
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Consolidated Balance Sheet |
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reported |
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Adjustment |
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As restated |
Bitcoin |
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$ |
159,544 |
|
$ |
(8,951) |
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$ |
150,593 |
Total current assets |
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573,539 |
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(8,951) |
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564,588 |
Total assets |
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1,530,939 |
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(8,951) |
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1,521,988 |
Accumulated deficit |
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(237,838) |
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(8,951) |
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(246,789) |
Total stockholders’ equity |
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1,357,320 |
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(8,951) |
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1,348,369 |
Total liabilities and stockholders’ equity |
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$ |
1,530,939 |
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$ |
(8,951) |
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$ |
1,521,988 |
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For the year ended December 31, 2021 |
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As previously |
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Consolidated Statements of Operations |
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reported |
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Adjustment |
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As restated |
Impairment of Bitcoin |
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$ |
36,462 |
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$ |
7,511 |
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$ |
43,973 |
Total costs and expenses |
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235,602 |
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7,511 |
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243,113 |
Operating loss |
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(22,359) |
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(7,511) |
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(29,870) |
Net loss before taxes |
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(7,672) |
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(7,511) |
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(15,183) |
Net loss |
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(7,926) |
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(7,511) |
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|
(15,437) |
Net loss attributable to Riot Platforms, Inc. |
|
$ |
(7,926) |
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$ |
(7,511) |
|
$ |
(15,437) |
Basis and diluted net loss per share |
|
$ |
(0.08) |
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$ |
(0.09) |
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$ |
(0.17) |
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For the year ended December 31, 2020 |
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As previously |
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Consolidated Statements of Operations |
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reported |
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Adjustment |
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As restated |
Impairment of Bitcoin |
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$ |
989 |
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$ |
2,606 |
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$ |
3,595 |
Realized gain on sale/exchange of Bitcoin |
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(5,184) |
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(1,166) |
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(6,350) |
Total costs and expenses |
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26,214 |
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|
1,411 |
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|
27,625 |
Operating loss |
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(14,133) |
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(1,411) |
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(15,544) |
Net loss before taxes |
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(12,667) |
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(1,440) |
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(14,107) |
Net loss |
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(12,667) |
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(1,440) |
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(14,107) |
Net loss attributable to Riot Platforms, Inc. |
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$ |
(12,674) |
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$ |
(1,440) |
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$ |
(14,114) |
Basis and diluted net loss per share |
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$ |
(0.30) |
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$ |
(0.04) |
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$ |
(0.34) |
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For the year ended December 31, 2021 |
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Total Riot |
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Platforms, Inc. |
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Total |
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Accumulated |
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stockholders' |
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stockholders' |
Consolidated Statements of Stockholders' Equity |
|
deficit |
|
equity |
|
equity |
Net loss (as previously reported) |
|
$ |
(7,926) |
|
$ |
(7,926) |
|
$ |
(7,926) |
Net loss (adjustment) |
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|
(7,511) |
|
|
(7,511) |
|
|
(7,511) |
Net loss (as restated) |
|
$ |
(15,437) |
|
$ |
(15,437) |
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$ |
(15,437) |
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Balance as of December 31, 2021 (as previously reported) |
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$ |
(237,838) |
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$ |
1,357,320 |
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$ |
1,357,320 |
Balance as of December 31, 2021 (adjustment) |
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|
(8,951) |
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|
(8,951) |
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|
(8,951) |
Balance as of December 31, 2021 (as restated) |
|
$ |
(246,789) |
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$ |
1,348,369 |
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$ |
1,348,369 |
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For the year ended December 31, 2020 |
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Total Riot |
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Platforms, Inc. |
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Total |
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Accumulated |
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stockholders' |
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stockholders' |
Consolidated Statements of Stockholders' Equity |
|
deficit |
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equity |
|
equity |
Net loss (as previously reported) |
|
$ |
(12,674) |
|
$ |
(12,674) |
|
$ |
(12,674) |
Net loss (adjustment) |
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|
(1,440) |
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|
(1,440) |
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|
(1,440) |
Net loss (as restated) |
|
$ |
(14,114) |
|
$ |
(14,114) |
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$ |
(14,114) |
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Balance as of December 31, 2020 (as previously reported) |
|
$ |
(229,912) |
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$ |
277,071 |
|
$ |
277,071 |
Balance as of December 31, 2020 (adjustment) |
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|
(1,440) |
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|
(1,440) |
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|
(1,440) |
Balance as of December 31, 2020 (as restated) |
|
$ |
(231,352) |
|
$ |
275,631 |
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$ |
275,631 |
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For the year ended December 31, 2021 |
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As previously |
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Consolidated Statements of Cash Flows |
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reported |
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Adjustment |
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As restated |
Net loss |
|
$ |
(7,926) |
|
$ |
(7,511) |
|
$ |
(15,437) |
Impairment of Bitcoin |
|
$ |
36,462 |
|
$ |
7,511 |
|
$ |
43,973 |
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For the year ended December 31, 2020 |
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As previously |
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Consolidated Statements of Cash Flows |
|
reported |
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Adjustment |
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As restated |
Net loss |
|
$ |
(12,667) |
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$ |
(1,440) |
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$ |
(14,107) |
Impairment of Bitcoin |
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$ |
989 |
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$ |
2,606 |
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$ |
3,595 |
Realized gain on sale/exchange of Bitcoin |
|
$ |
(5,184) |
|
$ |
(1,166) |
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$ |
(6,350) |
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