As Previously
Reported

Adjustment

As Restated

Consolidated Balance Sheet as of December 31, 2020

Warrant liabilities

$

–

$

143,295

$

143,295

Total liabilities

14,822

143,295

158,117

Additional paid-in capital

425,364

(108,280

)

317,084

Accumulated deficit

(93,186

)

(35,015

)

(128,201

)

Total stockholders’ equity

332,191

(143,295

)

188,896

Consolidated Statement of Operations for the Year Ended December 31, 2020

Change in fair value of warrant liabilities

$

–

$

35,015

$

35,015

Net loss

(25,591

)

(35,015

)

(60,606

)

Basic and diluted weighted average shares outstanding

(0.30

)

(0.42

)

(0.72

)

Consolidated Statement of Cash Flows for Year Ended December 31, 2020

Cash Flows from Operating Activities:

Net loss

$

(25,591

)

$

(35,015

)

$

(60,606

)

Adjustments to reconcile net loss to net cash used in operating activities:

Change in fair value of warrant liabilities

–

35,015

Non-Cash Investing and Financing Activities:

Initial measurement of warrants assumed in connection with the Business Combination accounted for as liabilities

–

108,280