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3. REVISIONS TO PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
12 Months Ended
Sep. 30, 2024
Prior Period Adjustment [Abstract]  
ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock

A summary of the corrections to the impacted financial statement line items from our previously issued financial statements are presented below:

 

Consolidated Balance Sheet

 

 

 

As of September 30, 2023

 

($ in thousands)

 

As previously reported

 

 

As revised

 

Deferred income taxes

 

$

857

 

 

$

2,416

 

Total liabilities

 

 

84,351

 

 

 

85,910

 

Accumulated deficit

 

 

(332,643

)

 

 

(334,202

)

Total stockholders' equity

 

 

677,227

 

 

 

675,668

 

 

Consolidated Statement of Operations and Comprehensive Loss

 

 

 

For the year ended September 30, 2023

 

($ in thousands)

 

As previously reported

 

 

As revised

 

Income tax expense

 

$

857

 

 

$

2,416

 

Loss from continuing operations

 

 

(132,160

)

 

 

(133,719

)

Net loss

 

 

(136,589

)

 

 

(138,148

)

Net loss attributable to common shareholders

 

 

(136,589

)

 

 

(138,148

)

Total comprehensive loss attributable to common shareholders

 

 

(136,473

)

 

 

(138,032

)

Loss from continuing operations per common share

 

 

 

 

 

 

Basic

 

$

(1.29

)

 

$

(1.30

)

Diluted

 

$

(1.29

)

 

$

(1.30

)

Consolidated Statements of Cash Flows

 

 

 

For the year ended September 30, 2023

 

 

For the year ended September 30, 2022

 

($ in thousands)

 

As previously reported

 

 

As revised

 

 

As previously reported

 

 

As revised

 

Net loss

 

$

(136,589

)

 

$

(138,148

)

 

 

 

 

 

 

Increase in accounts payable and accrued liabilities

 

 

7,673

 

 

 

13,244

 

 

 

 

 

 

 

(Increase) decrease in prepaid expenses and other current assets

 

 

(5,021

)

 

 

2,555

 

 

$

(3,060

)

 

$

(1,046

)

Increase in deferred income taxes

 

 

857

 

 

 

2,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash (used in) provided by operating activities of continuing operations

 

 

(31,720

)

 

 

(18,573

)

 

 

77,806

 

 

 

79,820

 

Net cash (used in) provided by operating activities

 

 

(30,394

)

 

 

(17,247

)

 

 

71,444

 

 

 

73,458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments of taxes on shares withheld for net settlement of restricted stock units

 

 

 

 

 

(5,571

)

 

 

 

 

 

 

Proceeds from equity offerings, net

 

 

383,776

 

 

 

376,200

 

 

 

125,048

 

 

 

123,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by financing activities of continuing operations

 

 

371,075

 

 

 

357,928

 

 

 

141,960

 

 

 

139,946

 

Net cash provided by financing activities

 

 

371,075

 

 

 

357,928

 

 

 

141,960

 

 

 

139,946

 

For any rows left blank in the tables above, no changes were identified from that prior period.