XML 40 R27.htm IDEA: XBRL DOCUMENT v3.23.3

Restatement of Prior Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Prior Period Adjustment [Abstract]

Summary of effect of the error corrections

The effect of the error corrections are as follows (in thousands, except per share amounts):

​

​	​	​	​	​	​	​	​	​	​
​		December 31,		​	​		​	December 31,
​		2022			​	​	​	2022
CONSOLIDATED BALANCE SHEETS	​	As previously reported		​	Adjustments			As Restated
​	​	​	​	​	​	​	​	​	​
ASSETS	​	​	​	​	​	​	​	​	​
Non-current deposits	​	$	2,916	​	$	549	​	$	3,465
Total assets	​	$	27,501	​	$	549	​	$	28,050
LIABILITIES AND STOCKHOLDERS’ EQUITY	​		​	​			​	​	​
Accrued and other current liabilities	​	$	4,831	​	$	119	​	$	4,950
Total current liabilities	​		7,392	​		119	​	​	7,511
Total liabilities	​	$	7,498	​	$	119	​	$	7,617
Accumulated deficit	​		(406,157)	​		430	​	​	(405,727)
Total stockholders’ equity	​		15,509	​		430	​	​	15,939
Total liabilities and stockholders’ equity	​	$	27,501	​	$	549	​	$	28,050

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
​	​	2022			​	​	​	2022
CONSOLIDATED STATEMENTS OF INCOME		As previously reported		​	Adjustments		​	As Restated
​	​	​	​	​	​	​	​	​	​
Net loss applicable to common shareholders	​	$	(21,399)	​	$	—	​	$	(21,399)
Basic and diluted earnings per common share:	​	​	​	​	​	​	​	​	​
Net Loss per share - basic and diluted (common shareholders)	​	$	(1.90)	​	$	(0.01)	​	$	(1.91)
Net Loss per share - basic and diluted (redeemable common shareholders)	​	$	—	​	$	(1.82)	​	$	(1.82)

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY		2022			​	​	​	2022
​	​	As previously reported		​	Adjustments			As Restated
Accumulated Deficit (Balances at December 31, 2022)	​	$	(406,157)	​	$	430	​	$	(405,727)
Total Stockholders' Equity (Balances at December 31, 2022)	​	$	15,509	​	$	430	​	$	15,939

​

​

​	​	​	​	​	​	​	​	​	​
​		December 31,		​	​		​	December 31,
​		2021			​	​	​	2021
CONSOLIDATED BALANCE SHEETS	​	As previously reported		​	Adjustments			As Restated
​	​	​	​	​	​	​	​	​	​
ASSETS	​	​	​	​	​	​	​	​	​
Non-current deposits	​	$	1,551	​	$	549	​	$	2,100
Total assets	​	$	42,587	​	$	549	​	$	43,136
LIABILITIES AND STOCKHOLDERS’ EQUITY	​		​	​			​	​	​
Accrued and other current liabilities	​	$	3,177	​	$	119	​	$	3,296
Total current liabilities	​		5,294	​		119	​	​	5,413
Total liabilities	​	$	5,324	​	$	119	​	$	5,443
Accumulated deficit	​		(384,959)	​		430	​	​	(384,529)
Total stockholders’ equity	​		37,263	​		430	​	​	37,693
Total liabilities and stockholders’ equity	​	$	42,587	​	$	549	​	$	43,136

​

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
​	​	2021			​	​	​	2021
CONSOLIDATED STATEMENTS OF INCOME		As previously reported		​	Adjustments		​	As Restated
​	​	​	​	​	​	​	​	​	​
Operating expenses:	​		​	​	​	​	​	​	​
Research and development	​	$	15,477	​	$	(549)	​	$	14,928
Total operating expenses	​		22,938	​		(549)	​	​	22,389
Operating loss	​		(22,938)	​		549	​	​	(22,389)
Loss before taxes	​		(22,734)	​		549	​	​	(22,185)
Income tax benefit	​		3,847	​		(119)	​	​	3,728
Net loss	​		(18,887)	​		430	​	​	(18,457)
Net loss applicable to common shareholders	​	$	(19,088)	​	$	430	​	$	(18,658)
Basic and diluted earnings per common share:	​			​			​		​
Net loss per share – basic and diluted	​	$	(2.14)	​	$	0.05	​	$	(2.09)

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
​		2021			​	​	​	2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS	​	As previously reported		​	Adjustments			As Restated
​	​	​	​	​	​	​	​	​	​
Net loss	​	$	(18,887)	​	$	430	​	$	(18,457)
Comprehensive loss	​	$	(18,887)	​	$	430	​	$	(18,457)

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY		2021			​	​	​	2021
​	​	As previously reported		​	Adjustments			As Restated
​	​	​	​	​	​	​	​	​	​
Accumulated Deficit (Loss for the period)	​	$	(18,887)	​	$	430	​	$	(18,457)
Accumulated Deficit (Balances at December 31, 2021)	​	$	(384,959)	​	$	430	​	$	(384,529)
Total Stockholders' Equity (Balances at December 31, 2021)	​	$	37,263	​	$	430	​	$	37,693

​

​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31,
​		2021			​	​	​	2021
CONSOLIDATED STATEMENTS OF CASH FLOWS	​	As previously reported		​	Adjustments			As Restated
​	​	​	​	​	​	​	​	​	​
Operating activities:	​	​	​	​	​	​	​	​	​
Net loss	​	$	(18,887)	​	$	430	​	$	(18,457)
Changes in operating assets and liabilities:	​		​	​		​	​		​
Prepaid expenses and other assets	​	​	(3,931)	​	​	(549)	​	​	(4,480)
Accounts payable, accrued and other current liabilities	​	​	2,906	​	​	119	​	​	3,025

X

- References

No definition available.

+ Details

Name:	us-gaap_PriorPeriodAdjustmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration