| Schedule of Error Corrections and Prior Period Adjustments |
The following tables summarize the impacts of the corrections on the Company’s consolidated financial statements for the annual periods ended December 31, 2023 and December 31, 2024 (all presented in thousands):
Consolidated Balance Sheets
| | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | As Previously Filed | | Revision | | As Revised | | Right of use operating lease assets | $ | 25,669 | | | $ | 3,770 | | | $ | 29,439 | | | Other long term assets | 6,413 | | | (985) | | | 5,428 | | | Total Assets | 209,996 | | | 2,785 | | | 212,781 | | | Current operating lease liabilities | 6,099 | | | 340 | | | 6,439 | | | Total Current Liabilities | 28,609 | | | 340 | | | 28,949 | | | Long-term operating lease liabilities | 24,248 | | | 3,547 | | | 27,795 | | | Total Liabilities | 130,706 | | | 3,887 | | | 134,593 | | | Accumulated deficit | (27,802) | | | (1,102) | | | (28,904) | | | Total stockholders' equity | 79,290 | | | (1,102) | | | 78,188 | | | Total liabilities and stockholders' equity | 209,996 | | | 2,785 | | | 212,781 | |
Consolidated Statements of Operations
| | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Year Ended December 31, 2023 | | As Previously Filed | Revision | As Revised | | As Previously Filed | Revision | As Revised | | Cost of Service | $ | 71,382 | | $ | (233) | | $ | 71,149 | | | $ | 74,012 | | $ | (239) | | $ | 73,773 | | | (Loss)/Income from operations | (1,816) | | 233 | | (1,583) | | | 9,483 | | 239 | | 9,722 | | | Net Loss | (8,251) | | 233 | | (8,018) | | | (4,479) | | 239 | | (4,240) | | | Basic EPS | $ | (0.14) | | — | | $ | (0.14) | | | $ | (0.08) | | $ | — | | $ | (0.08) | | | Diluted EPS | $ | (0.14) | | — | | $ | (0.14) | | | $ | (0.08) | | $ | — | | $ | (0.08) | |
Consolidated Statements of Other Comprehensive Loss
| | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Year Ended December 31, 2023 | | As Previously Filed | Revision | As Revised | | As Previously Filed | Revision | As Revised | | Net Loss | $ | (8,251) | | $ | 233 | | $ | (8,018) | | | $ | (4,479) | | $ | 239 | | $ | (4,240) | | | Comprehensive Loss | (8,526) | | 233 | | (8,293) | | | (4,815) | | 239 | | (4,576) | |
Consolidated Statements of Changes in Stockholders' Equity
| | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Year Ended December 31, 2023 | | Accumulated Deficit - As Previously Filed | Accumulated Deficit - Revision | Accumulated Deficit - As Revised | | Accumulated Deficit - As Previously Filed | Accumulated Deficit - Revision | Accumulated Deficit - As Revised | | Adjustment to opening retained earnings for correction of immaterial errors | $ | — | | $ | — | | $ | — | | | $ | — | | $ | (1,574) | | $ | (1,574) | | | Net Loss | (8,251) | | 233 | | (8,018) | | | (4,479) | | 239 | | (4,240) | | | Total - Accumulated Deficit | (27,802) | | (1,102) | | (28,904) | | | (19,551) | | (1,335) | | (20,886) | | | Total - Stockholders' equity | 79,290 | | (1,102) | | 78,188 | | | 83,992 | | (1,335) | | 82,657 | |
Consolidated Statements of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Year Ended December 31, 2023 | | As Previously Filed | Revision | As Revised | | As Previously Filed | Revision | As Revised | | Net loss | $ | (8,251) | | $ | 233 | | $ | (8,018) | | | $ | (4,479) | | $ | 239 | | $ | (4,240) | | | Changes in assets and liabilities: | | | | | | | | | Other assets | (1,011) | | (1,871) | | (2,882) | | | (3,814) | | (897) | | (4,711) | | | Accrued and other liabilities | 7,587 | | 1,638 | | 9,225 | | | 2,181 | | 658 | | 2,839 | |
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