In the course of preparing the Company’s condensed consolidated financial statements as of and for the three and six months ended June 30, 2025, the Company reassessed its presentation of amortization of intangible assets related to certain acquired customer contracts. Historically, the Company recorded intangible asset amortization within selling, general and administrative as a component of operating expense on the condensed consolidated statement of operations and comprehensive income (loss). However, prior to filing its quarterly report on Form 10-Q for June 30, 2025, the Company determined that the amortization of intangible assets related to acquired customer contracts should be presented as an offset to revenue rather than as a component of operating expense.

The Company assessed the impact of the error on its previously issued annual and interim financial statements and determined it to be material to the period ended March 31, 2025 based on its analysis of SAB Topic 1.M, “Materiality” and SAB Topic 1.N, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements”. The error has been corrected in the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2025.


	Three months ended March 31, 2025
	As Previously Reported		Restatement Impacts		As Restated
Net sales - related party	$	64,647	$	(11,195)	$	53,452
Gross profit	28,976		(11,195)		17,781
Selling, general and administrative	52,587		(11,195)		41,392
Loss from continuing operations	(23,611)		—		(23,611)
Net loss	(16,239)		—		(16,239)