EX-99.1 13 alco-ex99_1.htm EX-99.1

Exhibit 99.1

The following is a summary of select balance sheet data as of the end of each quarterly period, including the effects of the restatement for the quarters ended December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022. The following tables and discussion provide only a summary of the effects of the restatement, and do not include all line items that have been impacted by the restatement and should be read in conjunction with the restated consolidated financial statements contained in Note 2, “Restatement of Previously Issued Consolidated Financial Statements.”

|  |  | Q4 2022 |  | Q3 2022 |  | Q3 2022 |  | Q2 2022 |  | Q2 2022 |  | Q1 2022 |  | Q1 2022 |
|  |  |  |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |
|  |  |  |  | Restated |  | Previously Reported |  | Restated |  | Previously Reported |  | Restated |  | Previously Reported |
Deferred income tax liabilities, net |  |  |  | 35,589 |  |  | 34,707 |  |  | 37,219 |  |  | 34,719 |  |  | 37,231 |  |  | 34,589 |  |  | 37,101 |
Retained earnings |  |  |  | 243,490 |  |  | 265,855 |  |  | 265,852 |  |  | 266,941 |  |  | 266,938 |  |  | 250,015 |  |  | 250,012 |
| Q4 2021 |  | Q4 2021 |  | Q3 2021 |  | Q3 2021 |  | Q2 2021 |  | Q2 2021 |  | Q1 2021 |  | Q1 2021 |
|  |  |  |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |
| Restated |  | Previously Reported |  | Restated |  | Previously Reported |  | Restated |  | Previously Reported |  | Restated |  | Previously Reported |
Deferred income tax liabilities, net |  | 39,465 |  |  | 41,977 |  |  | 37,216 |  |  | 39,728 |  |  | 37,216 |  |  | 39,728 |  |  | 37,216 |  |  | 39,728 |
Retained earnings |  | 243,654 |  |  | 243,651 |  |  | 248,389 |  |  | 248,386 |  |  | 225,031 |  |  | 225,028 |  |  | 221,516 |  |  | 221,513 |

During the audit of our financial statements for the period ending September 30, 2022, the Company identified an error in the calculation of the deferred tax liabilities for the fiscal years 2015 through 2019. The quarterly Unaudited information shown above details the effect of the restatement on the two impacted balance sheet accounts identified.

2