Subsequent to filing the Company’s Quarterly Reports on Form 10-Q for the periods ended June 30, 2021, and September 30, 2021, the Company determined that certain amounts reported in the Company's previously issued unaudited consolidated statements of operations and comprehensive income (loss) and consolidated balance sheets contained misstatements (see Note 2 for further details). In accordance with Staff Accounting Bulletin No. 99, Materiality, management evaluated the materiality of the misstatements from a qualitative and quantitative perspective and concluded that the misstatements were material to the three- and six- months ended June 30, 2021 and the three- and nine- months ended September 30, 2021 interim consolidated financial statements. Accordingly, the Company has restated its interim consolidated financial statements for the three- and six- months ended June 30, 2021, and three- and nine- months ended September 30, 2021, respectively.

The effects of the adjustments to the Company's previously reported unaudited 2021 quarterly consolidated statements of operations and comprehensive income (loss) on a standalone quarter basis are as follows:


	As Reported				Adjustments						As Restated
	Second Quarter		Third Quarter		Second Quarter			Third Quarter			Second Quarter		Third Quarter

Revenue	$	65,073,323	$	94,909,100	$	—		$	—		$	65,073,323	$	94,909,100
Gross Profit		28,249,369		37,693,372		—			—			28,249,369		37,693,372

General and administrative expenses1		9,119,532		11,140,030		3,180,353			12,116,438			12,299,885		23,256,468
Total operating expense		24,650,520		33,761,092		3,180,353			12,116,438			27,830,873		45,877,530

Income (loss) from operations		3,598,849		3,932,280		(3,180,353	)		(12,116,438	)		418,496		(8,184,158	)
Net income (loss) before income taxes		3,960,344		3,579,610		(3,180,353	)		(12,116,438	)		779,991		(8,536,828	)

Net income (loss)	$	3,960,344	$	2,745,791	$	(3,180,353	)	$	(12,116,438	)	$	779,991	$	(9,370,647	)

Net income (loss) per share
Basic	$	0.05	$	0.04	$	(0.04	)	$	(0.17	)	$	0.01	$	(0.13	)
Diluted	$	0.05	$	0.03	$	(0.04	)	$	(0.15	)	$	0.01	$	(0.12	)

1 In order to correct previously reported share-based compensation for three-months ended June 30, 2021 and September 30, 2021, the Company is recognizing additional share-based compensation expense of $3,180,353 and $12,116,438, respectively.

The effects of the adjustments to the Company's previously reported unaudited 2021 quarterly consolidated statements of operations and comprehensive income (loss) on a year-to-date basis are as follows:


	As Reported				Adjustments						As Restated
	Second Quarter		Third Quarter		Second Quarter			Third Quarter			Second Quarter		Third Quarter

Revenue	$	115,108,202	$	210,217,302	$	—		$	—		$	115,108,202	$	210,217,302
Gross Profit		48,828,464		123,495,466		—			—			48,828,464		123,495,466

General and administrative expenses1	$	16,926,198	$	28,066,228	$	3,180,353		$	15,296,791		$	20,106,551	$	43,363,019
Total operating expense		44,416,239		78,177,331		3,180,353			15,296,791			47,596,592		93,474,122

Income (loss) from operations		4,412,225		8,344,505		(3,180,353	)		(15,296,791	)		1,231,872		(6,952,286	)
Net income (loss) before income taxes		4,545,768		8,215,378		(3,180,353	)		(15,296,791	)		1,365,415		(7,171,413	)

Net income (loss)	$	4,545,768	$	7,251,559	$	(3,180,353	)	$	(15,296,791	)	$	1,365,415	$	(8,005,232	)

Net income (loss) per share
Basic	$	0.06	$	0.10	$	(0.04	)	$	(0.21	)	$	0.02	$	(0.11	)
Diluted	$	0.06	$	0.09	$	(0.04	)	$	(0.19	)	$	0.02	$	(0.10	)

1 In order to correct previously reported share-based compensation for six- and nine- months ended June 30, 2021 and September 30, 2021, the Company is recognizing additional share-based compensation expense of $3,180,353 and $15,296,791, respectively.

The effects of the adjustments to the Company's previously reported unaudited 2021 quarterly consolidated balance sheets are as follows:


	As Reported						Adjustments						As Restated
	Second Quarter			Third Quarter			Second Quarter			Third Quarter			Second Quarter			Third Quarter

Current assets	$	205,305,787		$	252,561,960		$	—		$	—		$	205,305,787		$	252,561,960
Total assets		241,548,125			294,978,175			—			—			241,548,125			294,978,175

Current liabilities	$	54,256,877		$	93,421,330		$	—		$	—		$	54,256,877		$	93,421,330
Total liabilities		54,708,765			97,579,964			—			—			54,708,765			97,579,964

Additional paid-in capital	$	237,763,609		$	244,293,710		$	3,180,353		$	15,296,791		$	240,943,962		$	259,590,501
Accumulated deficit		(50,881,064	)		(48,135,273	)		(3,180,353	)		(15,296,791	)		(54,061,417	)		(63,432,064	)
Total Stockholder's Equity	$	186,839,360		$	197,398,211		$	—		$	—		$	186,839,360		$	197,398,211

These corrections had no effect on the Company's previously reported net cash flows from operating activities, investing activities or financing activities for the six months ended June 30, 2021, and the nine months ended September 30, 2021, respectively.