Exhibit 99.1
AULT ALLIANCE, INC. AND SUBSIDIARIES
RESTATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited)
As Reported | Restated | |||||||||||
2021 | Adjustment | 2021 | ||||||||||
Total revenue | $ | 52,400,000 | $ | - | $ | 52,400,000 | ||||||
Cost of revenue | 23,858,000 | 23,858,000 | ||||||||||
Gross profit | 28,542,000 | 28,542,000 | ||||||||||
Total operating expenses | 46,903,000 | 46,903,000 | ||||||||||
Loss from continuing operations | (18,361,000 | ) | (18,361,000 | ) | ||||||||
Total other income (expenses), net | (5,480,000 | ) | 933,000 | (4,547,000 | ) | |||||||
Net loss available to common stockholders | $ | (24,202,000 | ) | $ | 933,000 | $ | (23,269,000 | ) | ||||
Basic and diluted net loss per common share: | ||||||||||||
Net loss per common share | $ | (0.44 | ) | $ | (0.42 | ) | ||||||
Weighted average common shares outstanding, basic and diluted | 55,444,000 | 55,444,000 | ||||||||||
Comprehensive loss | ||||||||||||
Net loss available to common stockholders | $ | (24,202,000 | ) | $ | 933,000 | $ | (23,269,000 | ) | ||||
Other comprehensive income | 1,612,000 | (933,000 | ) | 679,000 | ||||||||
Total comprehensive loss | $ | (22,590,000 | ) | $ | - | $ | (22,590,000 | ) |
As Reported | Restated | |||||||||||
2020 | Adjustment | 2020 | ||||||||||
Total revenue | $ | 23,871,000 | $ | - | $ | 23,871,000 | ||||||
Cost of revenue | 16,357,000 | 16,357,000 | ||||||||||
Gross profit | 7,514,000 | 7,514,000 | ||||||||||
Total operating expenses | 13,547,000 | 13,547,000 | ||||||||||
Loss from continuing operations | (6,033,000 | ) | (6,033,000 | ) | ||||||||
Total other income (expenses), net | (27,379,000 | ) | 3,312,000 | (24,067,000 | ) | |||||||
Net loss available to common stockholders | $ | (32,745,000 | ) | $ | 3,312,000 | $ | (29,433,000 | ) | ||||
Basic and diluted net loss per common share: | ||||||||||||
Continuing operations | $ | (3.41 | ) | $ | (3.13 | ) | ||||||
Discontinued operations | $ | - | $ | 0.07 | ||||||||
Net loss per common share | $ | (3.41 | ) | $ | (3.06 | ) | ||||||
Weighted average common shares outstanding, basic and diluted | 9,606,000 | 9,606,000 | ||||||||||
Comprehensive loss | ||||||||||||
Net loss available to common stockholders | $ | (32,745,000 | ) | $ | 3,312,000 | $ | (29,433,000 | ) | ||||
Other comprehensive income | 3,794,000 | (3,312,000 | ) | 482,000 | ||||||||
Total comprehensive loss | $ | (28,951,000 | ) | $ | - | $ | (28,951,000 | ) |