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Restatement of Previously Issued Consolidated Financial Statements (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Restatement Reconciliation Tables

In the following tables, we have presented a reconciliation of our condensed consolidated balance sheets, statements of operations, and cash flows as previously reported for these prior periods to the restated and revised amounts. Financial statement line items and subtotals that were not impacted by the restatement adjustments have been omitted for enhanced clarity.

Summary of Restatement - Consolidated Balance Sheets

			As of March 31, 2023
(In thousands)			As Previously Reported						Restatement Adjustments						As Restated
Loans payable, net, current			$	790					$	194					$	984
Total current liabilities			18,084						194						18,278
Loans payable, net, noncurrent			8,260						23,153						31,413
Total liabilities			34,772						23,347						58,119
Accumulated deficit			(401,405)						(23,347)						(424,752)
Total stockholders' deficit			(7,313)						(23,347)						(30,660)
Total liabilities and stockholders’ deficit			27,459						—						27,459

Summary of Restatement - Consolidated Statements of Operations

			Three Months Ended March 31,
			2023																		2022
(In thousands, except share and per share data)			As Previously Reported						Restatement Adjustments						As Restated						As Previously Reported						Restatement Adjustments						As Restated
Loss from operations			$	(24,690)					$	—					$	(24,690)					$	(10,951)					$	—					$	(10,951)
Other income (expense), net:
Interest expense			(454)						242						(212)						(525)						462						(63)
Other expense, net			(102)						(40)						(142)						(181)						(358)						(539)
Total other income (expense), net			82						202						284						(706)						104						(602)
Net loss			(24,608)						202						(24,406)						(11,657)						104						(11,553)
Net loss per share, basic and diluted			(0.20)						—						(0.20)						(0.09)						—						(0.09)
Weighted-average shares used in computing net loss per share, basic and diluted			123,144,097						—						123,144,097						125,385,841						—						125,385,841
Net comprehensive loss			(24,627)						202						(24,425)						(11,727)						104						(11,623)

Summary of Restatement - Consolidated Statements of Cash Flows

			Three Months Ended March 31,
			2023																		2022
(In thousands)			As Previously Reported						Restatement Adjustments						As Restated						As Previously Reported						Restatement Adjustments						As Restated
Net loss			$	(24,608)					$	202					$	(24,406)					$	(11,657)					$	104					$	(11,553)
Adjustments to reconcile net loss to cash used in operating activities:
Non-cash interest expense			437						(242)						195						525						(462)						63
Other non-cash activities			44						40						84						527						358						885
Net cash used in operating activities			(13,574)						—						(13,574)						(9,509)						—						(9,509)
Net cash used in investing activities			(76)						—						(76)						(144)						—						(144)
Net cash provided by financing activities			15,592						—						15,592						17,872						—						17,872
Effect of exchange rate changes on cash and cash equivalents			(19)						—						(19)						(41)						—						(41)

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No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

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