3. Unaudited Quarterly Financial data and Restatement of Previously Issued Unaudited Interim Condensed Consolidated Financial Statements

The following tables below include corrections to the prior period results, and include the Restatement Items and other adjustments included in Note 2, “Restatement of Previously Issued Consolidated Financial Statements,” as well as the following:

Bonus Accrual – There was a $5.3 million understatement of bonus expense and related payroll expense for the three months ended September 30, 2020 due to the Company not properly estimating the bonus expense for the nine month period ended September 30, 2020.

Right of Use assets and lease liabilities – There was a $2.4 million understatement of right of use assets and lease liabilities at September 30, 2020 due to the Company not properly recognizing lease liabilities and right of use assets for certain leases that renewed during the third quarter of 2020.

Loss accrual provision – There was a $21.0 understatement of the provision for loss contracts as of September 30, 2020 due to the Company not properly estimating the loss accrual related to extended maintenance contracts.

Summary impact of Restatement Items to previously reported unaudited interim condensed consolidated financial information

The following tables present the Restatement Items, as well as other adjustments, on the Company’s unaudited interim condensed consolidated balance sheets for the periods indicated (in thousands, except per share):

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at September 30, 2020:

●

the right of use assets related to operating leases, net had a decrease of $145.6 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $535 thousand;

●

current operating lease liabilities had a decrease of $22.1 million;

●

non-current operating lease liabilities had a decrease of $120.6 million;

●

the current and non current finance obligations had an increase of $788 thousand and $1.0 million, respectively; and

●

other current liabilities had a decrease of $2.6 million

(c)

Loss accrual provision: The correction of this misstatement resulted in an increase of $6.4 million to other current liabilities and an increase of $18.1 million to other long-term liabilities at September 30, 2020.

(d)

Bonus accrual: Adjustments related to the under accrual for bonus expenses resulted in an increase in accrued expenses of $5.3 million at September 30, 2020.

(e)

Other adjustments: Immaterial adjustments at September 30, 2020 resulted in the following: An increase to accounts receivable of $372 thousand and a decrease to inventory of $103 thousand. A decrease to goodwill of $140 thousand, and an increase to intangible assets of $400 thousand. An increase in accrued expenses of $703 thousand, a net, a decrease to deferred revenue of $137 thousand, a decrease to additional paid in capital of $30 thousand and a decrease to accumulated other comprehensive income of $112 thousand.


	As of June 30, 2020
	As previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Assets
Current assets:
Cash and cash equivalents	$	152,492	$	—	$	152,492
Restricted cash		50,634		—		50,634
Accounts receivable		45,522		260		45,782	d
Inventory		114,571		—		114,571
Prepaid expenses and other current assets		31,436		—		31,436
Total current assets		394,655		260		394,915

Restricted cash		180,127		—		180,127
Property, plant, and equipment, net		60,018		—		60,018
Right of use assets related to finance leases, net		—		2,389		2,389	a
Right of use assets related to operating leases, net		—		71,789		71,789	a, b
Equipment related to power purchase agreements and fuel delivered to customers, net		274,721		(206,293)		68,428	a, b
Goodwill		70,402		(140)		70,262	d
Intangible assets, net		38,574		400		38,974	d
Other assets		11,817		—		11,817
Total assets	$	1,030,314	$	(131,595)	$	898,719

Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity
Current liabilities:
Accounts payable	$	39,812	$	—	$	39,812
Accrued expenses		23,320		597		23,917	d
Deferred revenue		14,902		—		14,902
Operating lease liabilities		—		9,453		9,453	a, b
Finance lease liabilities		—		345		345	a
Finance obligations		57,695		(28,901)		28,794	a, b
Current portion of long-term debt		50,933		—		50,933
Other current liabilities		21,692		(2,274)		19,418	b, c
Total current liabilities		208,354		(20,780)		187,574
Deferred revenue		25,038		(190)		24,848	d
Operating lease liabilities		—		58,410		58,410	a, b
Finance lease liabilities		—		2,465		2,465	a
Finance obligations		300,653		(169,000)		131,653	a, b
Convertible senior notes, net		142,704		185		142,889	d
Long-term debt		101,844		—		101,844
Other liabilities		11,756		2,720		14,476	c
Total liabilities		790,349		(126,190)		664,159

Stockholders’ equity:
Common stock, $0.01 par value per share; 750,000,000 shares authorized; Issued: 348,201,792 at June 30, 2020		3,482		—		3,482
Additional paid-in capital		1,658,532		(94)		1,658,438	d
Accumulated other comprehensive income		1,271		(112)		1,159	d
Accumulated deficit		(1,391,961)		(5,199)		(1,397,160)
Less common stock in treasury		(31,359)		—		(31,359)
Total stockholders’ equity		239,965		(5,405)		234,560
Total liabilities, redeemable preferred stock, and stockholders’ equity	$	1,030,314	$	(131,595)	$	898,719

As of June 30, 2020

(a)

The "as previously reported" balances for equipment related to power purchase agreements and fuel delivered to customers, net (previously captioned leased assets, net) and the current and long-term finance obligations have been reclassified to conform to current period presentations, as follows at June 30, 2020:

●

$204.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use assets related to operating leases, net;

●

$2.4 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use asset related to finance leases, net;

●

$29.5 million was reclassified from current finance obligations to current operating lease liabilities;

●

$169.0 million was reclassified from non-current finance obligations to non-current operating lease liabilities;

●

$345 thousand was reclassified from current finance obligations to current finance lease liabilities; and

●

$2.4 million was reclassified from non-current finance obligations to non-current finance lease liabilities.

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at June 30, 2020:

●

the right of use assets related to operating leases, net had a decrease of $132.9 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $837 thousand;

●

current operating lease liabilities had a decrease of $20.1 million;

●

non-current operating lease liabilities had a decrease of $110.6 million;

●

the current and non current finance obligations had an increase of $898 thousand and $2.4 million, respectively; and

●

other current liabilities had a decrease of $3.5 million.

(c)

Loss accrual provision: The correction of this misstatement resulted in a net increase of $1.3 million to other current liabilities and a net increase of $2.7 million to other long-term liabilities at June 30, 2020.

(d)

Other adjustments: Immaterial adjustments at June 30, 2020 resulted in the following: An increase to accounts receivable of $260 thousand, a decrease to goodwill of $140 thousand, and an increase to intangible assets of $400 thousand. An increase in accrued expenses of $597 thousand, a decrease to deferred revenue of $190 thousand, an increase of $185 thousand to convertible senior notes, a decrease to additional paid in capital of $94 thousand and a decrease to accumulated other comprehensive income of $112 thousand.


	As of March 31, 2020
	As previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Assets
Current assets:
Cash and cash equivalents	$	74,340	$	—	$	74,340
Restricted cash		56,804		—		56,804
Accounts receivable		24,437		297		24,734	d
Inventory		92,972		—		92,972
Prepaid expenses and other current assets		28,500		—		28,500
Total current assets		277,053		297		277,350

Restricted cash		176,070		—		176,070
Property, plant, and equipment, net		16,591		—		16,591
Right of use assets related to finance leases, net		—		1,707		1,707	a
Right of use assets related to operating leases, net		—		64,812		64,812	a, b
Equipment related to power purchase agreements and fuel delivered to customers, net		252,802		(184,400)		68,402	a, b
Goodwill		8,673		—		8,673
Intangible assets, net		5,296		400		5,696	d
Other assets		12,059		—		12,059
Total assets	$	748,544	$	(117,184)	$	631,360

Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity
Current liabilities:
Accounts payable	$	35,503	$	—	$	35,503
Accrued expenses		14,273		597		14,870	d
Deferred revenue		11,557		—		11,557
Operating lease liabilities		—		8,959		8,959	a, b
Finance lease liabilities		—		204		204	a
Finance obligations		52,047		(25,838)		26,209	a, b
Current portion of long-term debt		27,819		—		27,819
Other current liabilities		10,423		(1,977)		8,446	b, c
Total current liabilities		151,622		(18,055)		133,567
Deferred revenue		22,912		(228)		22,684	d
Operating lease liabilities		—		52,165		52,165	a, b
Finance lease liabilities		—		1,953		1,953	a
Finance obligations		272,171		(150,849)		121,322	a, b
Convertible senior notes, net		112,878		185		113,063	d
Long-term debt		79,119		—		79,119
Other liabilities		13		2,373		2,386	c
Total liabilities		638,715		(112,456)		526,259

Redeemable preferred stock:
Redeemable preferred stock: Series C redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $16,664); 10,431 shares authorized; Issued and outstanding: 2,620 at March 31, 2020		709		—		709
Stockholders’ equity:
Common stock, $0.01 par value per share; 750,000,000 shares authorized; Issued: 322,220,469 at March 31, 2020		3,222		—		3,222
Additional paid-in capital		1,519,257		(163)		1,519,094	d
Accumulated other comprehensive income		1,164		(112)		1,052	d
Accumulated deficit		(1,383,299)		(4,453)		(1,387,752)
Less common stock in treasury		(31,224)		—		(31,224)
Total stockholders’ equity		109,120		(4,728)		104,392
Total liabilities, redeemable preferred stock, and stockholders’ equity	$	748,544	$	(117,184)	$	631,360

As of March 31, 2020

(a)

The “as previously reported” balances for equipment related to power purchase agreements and fuel delivered to customers, net (previously captioned leased assets, net) and the current and long-term finance obligations have been reclassified to conform to current period presentations, as follows at March 31, 2020:

●

$183.4 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use assets related to operating leases, net;

●

$1.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use asset related to finance leases, net;

●

$26.6 million was reclassified from current finance obligations to current operating lease liabilities;

●

$151.0 million was reclassified from non-current finance obligations to non-current operating lease liabilities;

●

$204 thousand was reclassified from current finance obligations to current finance lease liabilities; and

●

$1.9 million was reclassified from non-current finance obligations to non-current finance lease liabilities.

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at March 31, 2020:

●

the right of use assets related to operating leases, net had a decrease of $118.6 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $725 thousand;

●

current operating lease liabilities had a decrease of $17.7 million;

●

non-current operating lease liabilities had a decrease of $99.0 million;

●

the current finance obligations and non-current finance obligations had an increase of $1.0 million and $2.0 million, respectively; and

●

other current liabilities had a decrease of $3.2 million.

(c)

Loss accrual provision: The correction of this misstatement resulted in an increase of $1.2 million to other current liabilities and an increase of $2.4 million to other long-term liabilities at March 31, 2020.

(d)

Other adjustments: Immaterial adjustments at March 31, 2020 resulted in the following: An increase to accounts receivable of $297 thousand. An increase to intangible assets of $400 thousand. An increase in accrued expenses of $597 thousand, a decrease to deferred revenue of $228

thousand, an increase of $185 thousand to convertible senior notes, net, a decrease to additional paid in capital of $163 thousand and a decrease to accumulated other comprehensive income of $112 thousand.


	As of September 30, 2019
	As previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Assets
Current assets:
Cash and cash equivalents	$	43,275	$	—	$	43,275
Restricted cash		35,720		—		35,720
Accounts receivable		24,392		345		24,737	d
Inventory		80,601		—		80,601
Prepaid expenses and other current assets		12,804		—		12,804
Total current assets		196,792		345		197,137

Restricted cash		119,322		—		119,322
Property, plant, and equipment, net		14,990		—		14,990
Right of use assets related to finance leases, net		—		1,720		1,720	a
Right of use assets related to operating leases, net		—		47,016		47,016	a, b
Equipment related to power purchase agreements and fuel delivered to customers, net		202,034		(134,786)		67,248	a, b
Goodwill		8,606		—		8,606
Intangible assets, net		5,113		—		5,113
Other assets		9,152		—		9,152
Total assets	$	556,009	$	(85,705)	$	470,304

Liabilities, Redeemable Preferred Stock, and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	36,851	$	—	$	36,851
Accrued expenses		9,457		—		9,457
Deferred revenue		11,480		—		11,480
Operating lease liabilities		—		8,666		8,666	a, b
Finance lease liabilities		—		310		310	a
Finance obligations		41,112		(20,643)		20,469	a, b
Current portion of long-term debt		17,202		—		17,202
Other current liabilities		10,238		(1,865)		8,373	b, c
Total current liabilities		126,340		(13,532)		112,808
Deferred revenue		22,444		(231)		22,213	d
Operating lease liabilities		—		36,599		36,599	a, b
Finance lease liabilities		—		2,068		2,068	a
Finance obligations		208,465		(108,796)		99,669	a, b
Common stock warrant liability		98		—		98
Convertible senior notes, net		107,760		185		107,945	d
Long-term debt		78,840		—		78,840
Other liabilities		13		2,821		2,834	c
Total liabilities		543,960		(80,886)		463,074

Redeemable preferred stock, $.01 par value
Series C redeemable convertible preferred stock, $0.01 par value per share 10,431 shares authorized; Issued and outstanding: 2,620 at September 30, 2019		709		—		709
Series E redeemable convertible preferred stock, $0.01 par value per share; Shares authorized: 35,000 at September 30, 2019; Issued and outstanding: 28,269 at September 30, 2019		25,746		—		25,746
Stockholders’ deficit:
Common stock, $0.01 par value per share; 750,000,000 shares authorized; Issued: 253,982,578 at September 30, 2019		2,540		—		2,540
Additional paid-in capital (1)		1,340,859		(78)		1,340,781	d
Accumulated other comprehensive income		929		—		929
Accumulated deficit (1)		(1,327,518)		(4,741)		(1,332,259)
Less common stock in treasury		(31,216)		—		(31,216)
Total stockholders’ deficit		(14,406)		(4,819)		(19,225)
Total liabilities, redeemable preferred stock, and stockholders’ deficit	$	556,009	$	(85,705)	$	470,304

(1)

The “as previously reported” balances include a decrease in additional paid-in capital of $6.5 million and an increase of $6.5 million to accumulated deficit due to the impact of the adoption of ASU 2019-08 of January 1, 2019.

As of September 30, 2019

(a)

●

$133.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use assets related to operating leases, net;

●

$1.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use asset related to finance leases, net;

●

$21.1 million was reclassified from current finance obligations to current operating lease liabilities;

●

$109.3 million was reclassified from non-current finance obligations to non-current operating lease liabilities;

●

$310 thousand was reclassified from current finance obligations to current finance lease liabilities; and

●

$2.1 million was reclassified from non-current finance obligations to non-current finance lease liabilities.

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at September 30, 2019:

●

the right of use assets related to operating leases, net had a decrease of $86.7 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $655 thousand;

●

current operating lease liabilities had a decrease of $12.4 million;

●

non-current operating lease liabilities had a decrease of $72.7 million;

●

the current and non-current finance obligations had a increase of $752 thousand and an increase $2.6 million; and

●

other current liabilities had a decrease of $3.0 million.

(c)

Loss accrual provision: The correction of this misstatement resulted in a net increase of $1.2 million to other current liabilities and a net increase of $2.8 million to other long-term liabilities at September 30, 2019.

(d)

Other adjustments: Immaterial adjustments at September 30, 2019 resulted in the following: Adjustments related to increases in accounts receivable of $345 thousand, decrease in deferred revenue of $231 thousand, increase in convertible senior notes of $185 thousand and decrease in additional paid in capital of $78 thousand.


	As of June 30, 2019
	As previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Assets
Current assets:
Cash and cash equivalents	$	19,845	$	—	$	19,845
Restricted cash		19,400		—		19,400
Accounts receivable		26,592		252		26,844	d
Inventory		73,190		—		73,190
Prepaid expenses and other current assets		14,001		—		14,001
Total current assets		153,028		252		153,280

Restricted cash		96,082		—		96,082
Property, plant, and equipment, net		14,228		—		14,228
Right of use assets related to finance leases, net		—		1,726		1,726	a
Right of use assets related to operating leases, net		—		39,679		39,679	a, b
Equipment related to power purchase agreements and fuel delivered to customers, net		170,455		(101,473)		68,982	a, b
Goodwill		8,961		—		8,961
Intangible assets, net		5,398		—		5,398
Other assets		8,842		—		8,842
Total assets	$	456,994	$	(59,816)	$	397,178

Liabilities, Redeemable Preferred Stock, and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	36,946	$	—	$	36,946
Accrued expenses		4,522		—		4,522
Deferred revenue		11,730		—		11,730
Operating lease liabilities		—		7,512		7,512	a, b
Finance lease liabilities		—		266		266	a
Finance obligations		30,663		(18,208)		12,455	a, b
Current portion of long-term debt		15,928		—		15,928
Other current liabilities		3,017		688		3,705	b, c
Total current liabilities		102,806		(9,742)		93,064
Deferred revenue		24,519		(393)		24,126	d
Common stock warrant liability		525		—		525
Operating lease liabilities		—		30,631		30,631	a, b
Finance lease liabilities		—		2,123		2,123	a
Finance obligations		157,531		(80,615)		76,916	a, b
Convertible senior notes, net		66,844		—		66,844
Long-term debt		83,776		—		83,776
Other liabilities		13		3,320		3,333	c
Total liabilities		436,014		(54,676)		381,338

Redeemable preferred stock:
Series C redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $16,664); 10,431 shares authorized; Issued and outstanding: 2,620 at both June 30, 2019		709		—		709
Series E redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $35,000 at June 30, 2019); Shares authorized: 35,000 at June 30, 2019; Issued and outstanding: 35,000 at June 30, 2019		30,926		—		30,926
Stockholders’ deficit:
Common stock, $0.01 par value per share; 750,000,000 shares authorized; Issued: 246,975,173 at June 30, 2019		2,470		—		2,470
Additional paid-in capital (1)		1,325,459		(78)		1,325,381	d
Accumulated other comprehensive income		1,460		—		1,460
Accumulated deficit (1)		(1,309,363)		(5,062)		(1,314,425)
Less common stock in treasury		(30,681)		—		(30,681)
Total stockholders’ deficit		(10,655)		(5,140)		(15,795)
Total liabilities, redeemable preferred stock, and stockholders’ deficit	$	456,994	$	(59,816)	$	397,178

(1)

The "as previously reported" balances include a decrease in additional paid-in capital of $3.5 million and an increase of $3.5 million to accumulated deficit due to the impact of the adoption of ASU 2019-08 of January 1, 2019.

As of June 30, 2019

(a)

●

$100.3 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use assets related to operating leases, net;

●

$1.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use asset related to finance leases, net;

●

$16.6 million was reclassified from current finance obligations to current operating lease liabilities;

●

$80.6 million was reclassified from non-current finance obligations to non-current operating lease liabilities;

●

$266 thousand was reclassified from current finance obligations to current finance lease liabilities; and

●

$2.1 million was reclassified from non-current finance obligations to non-current finance lease liabilities.

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at June 30, 2019:

●

the right of use assets related to operating leases, net had a decrease of $60.6 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $543 thousand;

●

current operating lease liabilities had a decrease of $9.1 million;

●

non-current operating lease liabilities had a decrease of $50.0 million;

●

the current and non-current finance obligations had a decrease of $1.4 million and an increase of $2.2 million; and

●

other current liabilities had a decrease of $464 thousand.

(c)

Loss accrual provision: The correction of this misstatement resulted in a net increase of $1.2 million to other current liabilities and a net increase of $3.3 million to other long-term liabilities at June 30, 2019.

(d)

Other adjustments: Immaterial adjustments at June 30, 2019 resulted in the following: Adjustments related to increases in accounts receivable of $252 thousand, a decrease in deferred revenue of $393 thousand, and a decrease in additional paid in capital of $78 thousand.


	As of March 31, 2019
	As previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Assets
Current assets:
Cash and cash equivalents	$	39,336	$	—	$	39,336
Restricted cash		19,297		—		19,297
Accounts receivable		32,062		245		32,307	d
Inventory		65,474		—		65,474
Prepaid expenses and other current assets		10,296		—		10,296
Total current assets		166,465		245		166,710

Restricted cash		50,598		—		50,598
Property, plant, and equipment, net		13,615		—		13,615
Right of use assets related to finance leases, net		—		1,733		1,733	a
Right of use assets related to operating leases, net		—		33,599		33,599	a, b
Equipment related to power purchase agreements and fuel delivered to customers, net		141,889		(70,961)		70,928	a, b
Goodwill		8,886		—		8,886
Intangible assets, net		3,677		—		3,677
Other assets		11,069		—		11,069
Total assets	$	396,199	$	(35,384)	$	360,815

Liabilities, Redeemable Preferred Stock, and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	31,688	$	—	$	31,688
Accrued expenses		6,509		—		6,509
Deferred revenue		11,736		—		11,736
Operating lease liabilities		—		7,042		7,042	a, b
Finance lease liabilities		—		236		236	a
Finance obligations		23,997		(12,969)		11,028	a, b
Current portion of long-term debt		12,559		—		12,559
Other current liabilities		2,271		1,474		3,745	c
Total current liabilities		88,760		(4,217)		84,543
Deferred revenue		25,835		(469)		25,366	d
Operating lease liabilities		—		25,657		25,657	a, b
Finance lease liabilities		—		2,142		2,142	a
Finance obligations		111,195		(56,331)		54,864	a, b
Common stock warrant liability		2,231		—		2,231
Convertible senior notes, net		65,025		—		65,025
Long-term debt		72,676		—		72,676
Other liabilities		17		3,729		3,746	c
Total liabilities		365,739		(29,489)		336,250

Redeemable preferred stock:
Series C redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $16,664); 10,431 shares authorized; Issued and outstanding: 2,620 at March 31, 2019		709		—		709
Series E redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $35,000 at March 31, 2019); Shares authorized: 35,000 at March 31, 2019 ; Issued and outstanding: 35,000 at March 31, 2019		30,931		—		30,931
Stockholders’ deficit:
Common stock, $0.01 par value per share; 750,000,000 shares authorized; Issued: 244,537,235 at March 31, 2019		2,445		—		2,445
Additional paid-in capital (1)		1,316,893		(78)		1,316,815	d
Accumulated other comprehensive income		1,374		—		1,374
Accumulated deficit (1)		(1,291,255)		(5,817)		(1,297,072)
Less common stock in treasury		(30,637)		—		(30,637)
Total stockholders’ deficit		(1,180)		(5,895)		(7,075)
Total liabilities, redeemable preferred stock, and stockholders’ deficit	$	396,199	$	(35,384)	$	360,815

(1)

The "as previously reported" balances include a decrease in additional paid-in capital of $3.0 million and an increase of $3.0 million to accumulated deficit due to the impact of the adoption of ASU 2019-08 of January 1, 2019.

As of March 31, 2019

(a)

●

$69.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use assets related to operating leases, net;

●

$1.7 million was reclassified from equipment related to power purchase agreements and fuel delivered to customers, net to right of use asset related to finance leases, net;

●

$13.1 million was reclassified from current finance obligations to current operating lease liabilities;

●

$54.2 million was reclassified from non-current finance obligations to non-current operating lease liabilities;

●

$236 thousand was reclassified from current finance obligations to current finance lease liabilities; and

●

$2.1 million was reclassified from non-current finance obligations to non-current finance lease liabilities.

(b)

The correction of the misstatement associated with the right of use assets relating to operating leases resulted in the following at March 31, 2019:

●

the right of use assets related to operating leases, net had a decrease of $36.1 million;

●

equipment related to power purchase agreements and fuel delivered to customers, net had an increase of $432 thousand;

●

current operating lease liabilities had a decrease of $6.1 million;

●

non-current operating lease liabilities had a decrease of $28.6 million; and

●

the current and non-current finance obligations had an increase of $360 thousand and $19 thousand.

(c)

Loss accrual provision: The correction of this misstatement resulted in an increase of $1.5 million to other current liabilities and an increase of $3.7 million to other long-term liabilities at March 31, 2019.

(d)

Other adjustments: Immaterial adjustments at March 31, 2019 resulted in the following: Adjustments related to increases in accounts receivable of $245 thousand, a decrease in deferred revenue of $469 thousand, and decrease in additional paid in capital of $78 thousand.

The following tables present the effect of the Restatement Items, as well as other adjustments, on the Company’s unaudited interim condensed consolidated statements of operations for the periods indicated (in thousands, except per share):


	For the three months ended September 30, 2020						For the nine months ended September 30, 2020
	As Previously		Restatement		As		As Previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	83,528	$	134	$	83,662	$	151,661	$	215	$	151,876	e
Services performed on fuel cell systems and related infrastructure		6,829		—		6,829		19,586		—		19,586
Power Purchase Agreements		6,704		(75)		6,629		19,854		(225)		19,629	e
Fuel delivered to customers		9,831		—		9,831		24,536		—		24,536
Other		97		—		97		235		—		235
Net revenue		106,989		59		107,048		215,872		(10)		215,862
Cost of revenue:
Sales of fuel cell systems and related infrastructure		68,509		919		69,428		115,929		1,361		117,290	a,d,e
Services performed on fuel cell systems and related infrastructure		7,074		2,106		9,180		21,746		5,554		27,300	a,b,d
Provision for loss contracts related to service		4,306		20,841		25,147		4,306		21,642		25,948	b
Power Purchase Agreements		14,087		657		14,744		42,034		1,985		44,019	a,c,e
Fuel delivered to customers		14,172		2,830		17,002		32,267		7,065		39,332	a,d
Other		131		—		131		275		—		275
Total cost of revenue		108,279		27,353		135,632		216,557		37,607		254,164

Gross loss		(1,290)		(27,294)		(28,584)		(685)		(37,617)		(38,302)

Operating expenses:
Research and development		11,964		(4,578)		7,386		32,133		(15,100)		17,033	a,d
Selling, general and administrative		14,277		2,933		17,210		46,948		3,015		49,963	c,d
Change in fair value of contingent consideration		—		1,130		1,130		—		1,130		1,130	f
Total operating expenses		26,241		(515)		25,726		79,081		(10,955)		68,126

Operating loss		(27,531)		(26,779)		(54,310)		(79,766)		(26,662)		(106,428)

Interest and other expense, net		(17,241)		(310)		(17,551)		(42,022)		(837)		(42,859)	c
Change in fair value of contingent consideration		(1,130)		1,130		—		(1,130)		1,130		—	f
Gain on extinguishment of debt		—		—		—		13,222		—		13,222

Loss before income taxes	$	(45,902)	$	(25,959)	$	(71,861)	$	(109,696)	$	(26,369)	$	(136,065)

Income tax benefit		6,523		121		6,644		24,182		(167)		24,015	e

Net loss attributable to the Company	$	(39,379)	$	(25,838)	$	(65,217)	$	(85,514)	$	(26,536)	$	(112,050)

Preferred stock dividends declared, deemed dividends and accretion of discount		—		—		—		(19)		(7)		(26)	e

Net loss attributable to common shareholders	$	(39,379)	$	(25,838)	$	(65,217)	$	(85,533)	$	(26,543)	$	(112,076)

Net loss per share:
Basic and diluted	$	(0.11)			$	(0.18)	$	(0.26)			$	(0.34)

Weighted average number of common shares outstanding		371,010,544				371,010,544		330,949,265				330,949,265

For the three months ended September 30, 2020

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $5.5 million to research and development, and an increase of $232 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $1.5 million to the cost of service performed on fuel cell systems and related infrastructure, an increase of $955 thousand to the cost of Power Purchase Agreements and an increase in the cost of fuel delivered to customers of $2.8 million for the three months ended September 30, 2020.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in a net increase of $20.8 million to the provision for loss contracts and a $315 thousand decrease in the cost of services performed on fuel cell systems and related infrastructure for the three months ended September 30, 2020.

(c)

Right of use asset: The correction of this misstatement resulted in a net decrease of $280 thousand to the cost of Power Purchase Agreements and a net decrease of $56 thousand to selling, general and administrative expenses, and net increase in interest and other expense of $310 thousand for the three months ended September 30, 2020.

(d)

Bonus Accrual: Adjustments related to the under accrual for bonus expenses resulted in an increase in cost of sales of fuel cell systems and related infrastructure of $584 thousand, increase in cost of services performed on fuel cell systems and related infrastructure of $930 thousand, increase in cost of fuel delivered to customers of $56 thousand, an increase in research and development expense of $872 thousand, and an increase in selling and general administration expenses of $2.9 million for the three months ended September 30, 2020.

(e)

Other adjustments: Immaterial adjustments for the three months ended September 30, 2020 resulted in a net increase of $134 thousand to revenue from the sales of fuel cell and systems and related infrastructure, a net decrease of $75 thousand in revenue from Power Purchase Agreements and a net decrease of $18 thousand in cost of revenue related to Power Purchase Agreements, an increase of $103 thousand in the cost of revenue related to the sales of fuel cell systems and related infrastructure and an increase to the income tax benefit of $121 thousand.

(f)

Contingent Consideration: The correction of this misstatement resulted in a reclassification of $1.1 million to operating expenses.

For the nine months ended September 30, 2020

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $15.9 million to research and development, and an increase of $674 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $5.5 million to the cost of service performed on fuel cell systems and related infrastructure, and increase of $2.8 million to the cost of Power Purchase Agreements and an increase in the cost of fuel delivered to customer of $7 million for the nine months ended September 30 2020.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in a net increase of $21.6 million to the provision for loss contracts and a $839 thousand decrease in the cost of services performed on fuel cell systems and related infrastructure for the nine months ended September 30, 2020.

(c)

Right of use asset: The correction of this misstatement resulted in a net decrease of $788 thousand to the cost of Power Purchase Agreements and a net decrease of $138 thousand to selling, general and administrative expenses, and a net increase of $837 thousand in interest and other expenses for the nine months ended September 30, 2020.

(d)

Bonus Accrual: Adjustments related to the under accrual for bonus expenses resulted in an increase in cost of sales of fuel cell systems and related infrastructure of $584 thousand, increase in cost of services performed on fuel cell systems and related infrastructure of $931 thousand, increase in cost of fuel delivered to customers of $56 thousand, an increase in research and development expense of $872 thousand, and an increase in selling and general administration expenses of $2.9 million for the nine months ended September 30, 2020.

(e)

Other adjustments: Immaterial adjustments for the nine months ended September 30, 2020 resulted in a net increase of $215 thousand to revenue from the sales of fuel cell and systems and related infrastructure a net decrease of $225 thousand in revenue from power purchase agreements and a net decrease of $54 thousand in cost of revenue related to Power Purchase Agreements, an increase of $103 thousand in the cost of revenue related to the sales of fuel cell systems and related infrastructure, a decrease to the income tax benefit of $167 thousand and an increase in preferred stock dividends declared, deemed dividends and accretion of discount of $7 thousand.

(f)

Contingent Consideration: The correction of this misstatement resulted in a reclassification of $1.1 million to operating expenses.


	For the three months ended June 30, 2020						For the six months ended June 30, 2020
	As Previously		Restatement			As	As Previously		Restatement			As	Restatement
	Reported		Adjustments		Restated		Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	47,746	$	—	$	47,746	$	68,133	$	81	$	68,214	d
Services performed on fuel cell systems and related infrastructure		6,236		—		6,236		12,757		—		12,757
Power Purchase Agreements		6,654		(75)		6,579		13,150		(150)		13,000	d
Fuel delivered to customers		7,372		—		7,372		14,705		—		14,705
Other		62		—		62		138		—		138
Net revenue		68,070		(75)		67,995		108,883		(69)		108,814
Cost of revenue:
Sales of fuel cell systems and related infrastructure		33,676		212		33,888		47,420		442		47,862	a
Services performed on fuel cell systems and related infrastructure		6,491		1,282		7,773		14,672		3,448		18,120	a,b
Provision for loss contracts related to service		—		706		706		—		801		801	b
Power Purchase Agreements		13,704		800		14,504		27,947		1,328		29,275	a, c, d
Fuel delivered to customers		9,060		2,016		11,076		18,095		4,235		22,330	a
Other		63		—		63		144		—		144
Total cost of revenue		62,994		5,016		68,010		108,278		10,254		118,532

Gross (loss) profit		5,076		(5,091)		(15)		605		(10,323)		(9,718)

Operating expenses:
Research and development		9,757		(4,884)		4,873		20,169		(10,522)		9,647	a
Selling, general and administrative		21,658		(14)		21,644		32,671		82		32,753	c
Total operating expenses		31,415		(4,898)		26,517		52,840		(10,440)		42,400


Operating loss		(26,339)		(193)		(26,532)		(52,235)		117		(52,118)

Interest and other expense, net		(13,198)		(264)		(13,462)		(24,781)		(527)		(25,308)	c
Gain on extinguishment of debt		13,222		—		13,222		13,222		—		13,222

Loss before income taxes	$	(26,315)	$	(457)	$	(26,772)	$	(63,794)	$	(410)	$	(64,204)

Income tax benefit		17,659		(288)		17,371		17,659		(288)		17,371	d

Net loss attributable to the Company	$	(8,656)	$	(745)	$	(9,401)	$	(46,135)	$	(698)	$	(46,833)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)		(19)		(7)		(26)	d

Net loss attributable to common stockholders	$	(8,669)	$	(745)	$	(9,414)	$	(46,154)	$	(705)	$	(46,859)

Net loss per share:
Basic and diluted	$	(0.03)			$	(0.03)	$	(0.15)			$	(0.15)

Weighted average number of common shares outstanding		316,645,050				316,645,050		310,918,626				310,918,626

For the three months ended June 30, 2020

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $ 4.9 million to research and development, and an increase of $212 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $1.6 million to the cost of service performed on fuel cell systems and related infrastructure, an increase of $1.1 million to the cost of Power Purchase Agreements and an increase in the cost of fuel delivered to customers of $2.0 million for the three months ended June 30, 2020.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in a net increase of $706 thousand to the provision for loss contracts and a $315 thousand decrease in the cost of services performed on fuel cell systems and related infrastructure for the three months ended June 30, 2020.

(c)

Right of use asset: The correction of this misstatement resulted in a net decrease of $255 thousand to the cost of Power Purchase Agreements and a net decrease of $14 thousand to selling, general and administrative expenses, and a net increase to interest and other expenses of $264 thousand for the three months ended June 30, 2020.

(d)

Other adjustments: Immaterial adjustments for the three months ended June 30, 2020 resulted in a net decrease of $75 thousand from revenue from Power Purchase Agreements, a net decrease of $18 thousand in the cost of Power Purchase Agreements and a net decrease of $288 thousand in income tax benefit.

For the six months ended June 30, 2020

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $10.5 million to research and development, and an increase of $442 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $4.0 million to the cost of service performed on fuel cell systems and related infrastructure, an increase of $1.9 million to the cost of Power Purchase Agreements and an increase in the cost of fuel delivered to customers of $4.2 million for the six months ended June 30, 2020.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in a net increase of $801 thousand to the provision for loss contracts and a $524 thousand decrease in the cost of services performed on fuel cell systems and related infrastructure for the six months ended June 30, 2020.

(c)

Right of use asset: The correction of this misstatement resulted in a net decrease of $508 thousand to the cost of Power Purchase Agreements, a net increase of $82 thousand to selling, general and administrative expenses and a net increase of $527 thousand to interest and other expenses for the six months ended June 30, 2020.

(d)

Other adjustments: Immaterial adjustments for the six months ended June 30, 2020 resulted in a net increase of $81 thousand to revenue from the sales of fuel cell and systems and related infrastructure, a net decrease of $150 thousand in revenue from Power Purchase Agreements, a net decrease of $36 thousand in cost of revenue related to Power Purchase Agreements and a decrease to the income tax benefit of $288 thousand. A net decrease of $7 thousand related to preferred stock dividends.


	For the three months ended March 31, 2020
	As Previously		Restatement				Restatement
	Reported		Adjustments		As Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	20,387	$	81	$	20,468	d
Services performed on fuel cell systems and related infrastructure		6,521		—		6,521
Power Purchase Agreements		6,496		(75)		6,421	d
Fuel delivered to customers		7,333		—		7,333
Other		76		—		76
Net revenue		40,813		6		40,819
Cost of revenue:
Sales of fuel cell systems and related infrastructure		13,744		230		13,974	a
Services performed on fuel cell systems and related infrastructure		8,181		2,166		10,347	a,b
Provision for loss contracts related to service		—		95		95	b
Power Purchase Agreements		14,243		528		14,771	a,c,d
Fuel delivered to customers		9,035		2,219		11,254	a
Other		81		—		81
Total cost of revenue		45,284		5,238		50,522

Gross loss		(4,471)		(5,232)		(9,703)

Operating expenses:
Research and development		10,412		(5,638)		4,774	a
Selling, general and administrative		11,013		96		11,109	c
Total operating expenses		21,425		(5,542)		15,883

Operating loss		(25,896)		310		(25,586)

Interest and other expense, net		(11,583)		(263)		(11,846)	c
Gain (loss) on extinguishment of debt		—		—		—
Loss before income taxes	$	(37,479)	$	47	$	(37,432)

Income tax benefit		—		—		—

Net loss attributable to the Company	$	(37,479)	$	47	$	(37,432)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)

Net loss attributable to common stockholders	$	(37,492)	$	47	$	(37,445)

Net loss per share:
Basic and diluted	$	(0.12)			$	(0.12)

Weighted average number of common shares outstanding		305,192,201				305,192,201

For the three months ended March 31, 2020

Research and development: The correction of this misstatement resulted in a net decrease of $5.6 million to research and development, and an increase of $230 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $2.4 million to the cost of service performed on fuel cell systems and related infrastructure, and increase of $799 thousand to the cost of Power Purchase Agreements and an increase in the cost of fuel delivered to customer of $2.2 million for the three months ended March 31, 2020.

Provision for loss contracts related to service: The correction of this misstatement resulted in a net increase of $95 thousand to the provision for loss contracts and a net decrease of $224 thousand in the costs of services performed on fuel cell systems and related infrastructure for the three months ended March 31, 2020.

Right of use asset: The correction of this misstatement resulted in a net decrease of $253 to the cost of power purchase agreements, a net increase of $96 thousand to selling, general and administrative expenses, and a net increase in interest and other expenses of $262 thousand for the three months ended March 31, 2020.

Other adjustments: Immaterial adjustments for the three months ended June 30, 2020 resulted in a net decrease of $75 thousand from revenue from Power Purchase Agreements and a net increase of $81 thousand from revenue related to fuel cell systems and related infrastructure.


	For the three months ended December 31, 2019
	As Previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	69,767	$	18	$	69,785	e
Services performed on fuel cell systems and related infrastructure		7,328		—		7,328
Power Purchase Agreements		6,739		(75)		6,664	e
Fuel delivered to customers		7,779		—		7,779
Other		51		—		51
Net revenue		91,664		(57)		91,607
Cost of revenue:
Sales of fuel cell systems and related infrastructure		46,419		672		47,091	a, e
Services performed on fuel cell systems and related infrastructure		9,999		1,607		11,606	a, b, e
Provision for loss contracts related to service		—		13		13	b
Power Purchase Agreements		11,992		309		12,301	a, e
Fuel delivered to customers		10,422		2,378		12,800	a, e
Other		50		—		50
Total cost of revenue		78,882		4,979		83,861

Gross loss		12,782		(5,036)		7,746

Operating expenses:
Research and development		9,341		(4,459)		4,882	a, e
Selling, general and administrative		10,982		(1,009)		9,973	e
Total operating expenses		20,323		(5,468)		14,855

Operating loss		(7,541)		432		(7,109)

Interest and other expense, net		(10,806)		(193)		(10,999)	d
Change in fair value of common stock warrant liability		72		—		72

Loss before income taxes	$	(18,275)	$	239	$	(18,036)

Income tax benefit		—		—		—

Net loss attributable to the Company	$	(18,275)	$	239	$	(18,036)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		(1,228)		(1,241)	f

Net loss attributable to common shareholders	$	(18,288)	$	(989)	$	(19,277)

Net loss per share:
Basic and diluted	$	(0.07)			$	(0.07)

Weighted average number of common shares outstanding		260,053,150				260,053,150

For the three months ended December 31, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $5.3 million to research and development, an increase of $585 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $1.9 million to the costs of services performed on fuel cell systems and related infrastructure, an increase in cost of Power Purchase Agreements of $564 thousand and an increase in the cost of fuel delivered to customers of $2.3 million for the three months ended December 31, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in an increase of $13 thousand to the provision for loss contracts related to service and a decrease of $289 thousand to costs of services performed on fuel cell systems and related infrastructure for the three months ended December 31, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in net decrease of $237 thousand of costs related to Power Purchase Agreements for the three months ended December 31, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in an increase of $193 thousand to interest and other expense, net for the three months ended December 31, 2019.

(e)

Other adjustments: Immaterial adjustments for the three months ended December 31, 2019 resulted in the following: Adjustments related to an increase in sales of fuel cells and related infrastructure of $18 thousand, an increase $87 thousand in cost of revenue for sales of fuel cell systems and related infrastructure, an increase of $44 thousand in cost of services performed on fuel cells and related infrastructure, a decrease in sales related to Power Purchase Agreements of $75 thousand, a decrease in cost of Power Purchase Agreements of $18 thousand, an increase of $44 thousand in cost of fuel delivered to customers, an increase of $876 thousand in research and development expenses and a decrease of $1.0 million in selling general and administrative costs.

(f)

Series E redeemable convertible preferred stock deemed dividend: The correction of this misstatement resulted in a net increase of $1.3 million to preferred stock dividends declared, deemed dividends and accretion of discount.


	For the three months ended September 30, 2019						For the nine months ended September 30, 2019
	As Previously		Restatement		As		As Previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	38,877	$	6	$	38,883	$	80,117	$	18	$	80,135	e
Services performed on fuel cell systems and related infrastructure		6,205		—		6,205		17,889		—		17,889
Power Purchase Agreements		6,595		(75)		6,520		19,114		(225)		18,889	e
Fuel delivered to customers		7,649		—		7,649		21,320		—		21,320
Other		135		—		135		135		—		135
Net revenue		59,461		(69)		59,392		138,575		(207)		138,368
Cost of revenue:
Sales of fuel cell systems and related infrastructure		24,990		193		25,183		50,440		384		50,824	a
Services performed on fuel cell systems and related infrastructure		6,461		1,341		7,802		18,802		4,174		22,976	a, b
Provision (benefit) for loss contracts related to service		—		(206)		(206)		—		(407)		(407)	b
Power Purchase Agreements		10,353		461		10,814		28,064		1,412		29,476	a, c, e
Fuel delivered to customers		9,160		1,989		11,149		25,935		6,512		32,447	a
Other		150		—		150		150		—		150
Total cost of revenue		51,114		3,778		54,892		123,391		12,075		135,466

Gross profit		8,347		(3,847)		4,500		15,184		(12,282)		2,902

Operating expenses:
Research and development		8,028		(4,465)		3,563		24,334		(14,157)		10,177	a
Selling, general and administrative		10,400		(5)		10,395		33,351		(122)		33,229	c
Total operating expenses		18,428		(4,470)		13,958		57,685		(14,279)		43,406

Operating loss		(10,081)		623		(9,458)		(42,501)		1,997		(40,504)

Interest and other expense, net		(7,972)		(301)		(8,273)		(24,178)		(514)		(24,692)	d
Change in fair value of common stock warrant liability		427		—		427		7		—		7
Loss on extinguishment of debt		(518)		—		(518)		(518)		—		(518)

Loss before income taxes	$	(18,144)	$	322	$	(17,822)	$	(67,190)	$	1,483	$	(65,707)

Income tax benefit		—		—		—		—		—		—

Net loss attributable to the Company	$	(18,144)	$	322	$	(17,822)	$	(67,190)	$	1,483	$	(65,707)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		(531)		(544)		(39)		(531)		(570)	f

Net loss attributable to common shareholders	$	(18,157)	$	(209)	$	(18,366)	$	(67,229)	$	952	$	(66,277)

Net loss per share:
Basic and diluted	$	(0.08)			$	(0.08)	$	(0.29)			$	(0.29)

Weighted average number of common shares outstanding		236,759,521				236,759,521		229,519,323				229,519,323

For the three months ended September 30, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $4.5 million to research and development, and an increase of $193 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $1.6 million to the cost of service performed on fuel cell systems and related infrastructure, an increase in cost of Power Purchase Agreements of $654 thousand and an increase in the cost of fuel delivered to customers of $2.0 million for the three months ended September 30, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in benefit of $206 thousand to the provision for loss contracts related to service and a decrease of $288 thousand to costs of services performed on fuel cell systems and related infrastructure for the three months ended September 30, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in net decrease of $175 thousand of cost related to power purchase agreements and a decrease of $5 thousand in selling general and administrative expenses for the three months ended September 30, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in an increase of $301 thousand to interest and other expense, net for the three months ended September 30, 2019.

(e)

Other adjustments: Immaterial adjustments for the three months ended September 30, 2019 resulted in the following: Adjustments related to an increase in sales of fuel cells and related infrastructure of $6 thousand, a decrease in sales related to Power Purchase Agreements of $75 thousand and a decrease in cost of Power Purchase Agreements of $18 thousand.

(f)

Series E redeemable convertible preferred stock deemed dividend: The correction of this misstatement resulted in a net increase of $531 thousand to preferred stock dividends declared, deemed dividends and accretion of discount.

For the nine months ended September 30, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $14.2 million to research and development, an increase of $384 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $5.1 million to the costs of services performed on fuel cell systems and related infrastructure, increase in cost of Power Purchase Agreements of $2.0 million and an increase in the cost of fuel delivered to customers of $6.5 million for the nine months ended September 30, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in benefit of $407 thousand to the provision for loss contracts related to service and a decrease of $960 thousand to costs of service performed on fuel cell systems and related infrastructure for the nine months ended September 30, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in a net decrease of $150 thousand of costs related to power purchase agreements and a decrease of $122 thousand in selling general and administrative expenses for the nine months ended September 30, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in increase of of $514 thousand to interest and other expense, net for the nine months ended September 30, 2019.

(e)

Other adjustments: Immaterial adjustments for the nine months ended September 30, 2019 resulted in the following: Adjustments related to an increase in sales of fuel cells and related infrastructure of $18 thousand, a decrease in sales related to Power Purchase Agreements of $225 thousand and a decrease in cost of Power Purchase Agreements of $53 thousand.

(f)


	For the three months ended June 30, 2019						For the six months ended June 30, 2019
	As Previously		Restatement		As		As Previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	38,696	$	6	$	38,702	$	41,240	$	12	$	41,252	e
Services performed on fuel cell systems and related infrastructure		5,341		—		5,341		11,684		—		11,684
Power Purchase Agreements		6,409		(75)		6,334		12,519		(150)		12,369	e
Fuel delivered to customers		7,089		—		7,089		13,671		—		13,671
Other		—		—		—		—		—		—
Net revenue		57,535		(69)		57,466		79,114		(138)		78,976
Cost of revenue:
Sales of fuel cell systems and related infrastructure		23,129		200		23,329		25,450		191		25,641	a, e
Services performed on fuel cell systems and related infrastructure		6,218		2,165		8,383		12,341		2,833		15,174	a, b
Provision (benefit) for loss contracts related to service		—		(363)		(363)		—		(201)		(201)	b
Power Purchase Agreements		8,713		116		8,829		17,711		951		18,662	a, e
Fuel delivered to customers		8,854		2,292		11,146		16,775		4,523		21,298	a
Total cost of revenue		46,914		4,410		51,324		72,277		8,297		80,574

Gross loss		10,621		(4,479)		6,142		6,837		(8,435)		(1,598)

Operating expenses:
Research and development		8,933		(5,325)		3,608		16,306		(9,692)		6,614	a
Selling, general and administrative		13,627		(14)		13,613		22,951		(117)		22,834	c
Total operating expenses		22,560		(5,339)		17,221		39,257		(9,809)		29,448

Operating loss		(11,939)		860		(11,079)		(32,420)		1,374		(31,046)

Interest and other expense, net		(7,861)		(104)		(7,965)		(16,206)		(213)		(16,419)	d
Change in fair value of common stock warrant liability		1,706		—		1,706		(420)		—		(420)

Loss before income taxes	$	(18,094)	$	756	$	(17,338)	$	(49,046)	$	1,161	$	(47,885)

Income tax benefit		—		—		—		—		—		—

Net loss attributable to the Company	$	(18,094)	$	756	$	(17,338)	$	(49,046)	$	1,161	$	(47,885)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)		(26)		—		(26)

Net loss attributable to common shareholders	$	(18,107)	$	756	$	(17,351)	$	(49,072)	$	1,161	$	(47,911)

Net loss per share:
Basic and diluted	$	(0.08)			$	(0.08)	$	(0.22)			$	(0.21)

Weighted average number of common shares outstanding		231,114,868				231,114,868		225,899,224				225,899,224

For the three months ended June 30, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $5.3 million to research and development, an increase of $200 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $2.5 million to the cost of service performed on fuel cell systems and related infrastructure, an increase in cost of Power Purchase Agreements of $299 thousand, and an increase in the cost of fuel delivered to customers of $2.3 million for the three months ended June 30, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in benefit of of $363 thousand to the provision for loss contracts related to service and a decrease of $369 thousand to costs of services performed on fuel cell systems and related infrastructure for the three months ended June 30, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in net decrease of $165 thousand of revenue related to cost of power purchase agreements, and a decrease of $14 thousand in selling general and administrative for the three months ended June 30, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in increase of of $104 thousand to interest and other expense, net for the three months ended June 30, 2019.

(e)

For the six months ended June 30, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $9.7 million to research and development, and an increase of $343 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $3.5 million to the cost of service performed on fuel cell systems and related infrastructure, an increase in cost of Power Purchase Agreements of $1.3 million, and an increase in the cost of fuel delivered to customers of $4.5 million for the six months ended June 30, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in benefit of of $201 thousand to the provision for loss contracts related to service and a decrease of $672 thousand to cost service performed on fuel cell systems and related infrastructure for the six months ended June 30, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in net decrease of $335 thousand of cost related to power purchase agreements and a decrease of $117 thousand in selling general and administrative for the six months ended June 30, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in increase of $213 thousand to interest and other expense, net for the six months ended June 30, 2019.

(e)

Other adjustments: Immaterial adjustments for the six months ended June 30, 2019 resulted in the following: Adjustments related to an increase in sales of fuel cells and related infrastructure of $12 thousand, a decrease in sales related to Power Purchase Agreements of $150 thousand, a decrease of $152 thousand in the cost of revenue for sales of fuel cells and related infrastructure and decrease in cost of Power Purchase Agreements of $35 thousand.


	For the three months ended March 31, 2019
	As Previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Net revenue:
Sales of fuel cell systems and related infrastructure	$	2,544	$	6	$	2,550	e
Services performed on fuel cell systems and related infrastructure		6,343		—		6,343
Power Purchase Agreements		6,110		(75)		6,035	e
Fuel delivered to customers		6,582		—		6,582
Net revenue		21,579		(69)		21,510
Cost of revenue:
Sales of fuel cell systems and related infrastructure		2,321		(9)		2,312	a, e
Services performed on fuel cell systems and related infrastructure		6,123		668		6,791	a, b
Provision for loss contracts related to service		—		162		162	b
Power Purchase Agreements		8,998		835		9,833	a, c, e
Fuel delivered to customers		7,921		2,231		10,152	a
Total cost of revenue		25,363		3,887		29,250

Gross loss		(3,784)		(3,956)		(7,740)

Operating expenses:
Research and development		7,373		(4,367)		3,006	a
Selling, general and administrative		9,324		(103)		9,221	c, e
Total operating expenses		16,697		(4,470)		12,227

Operating loss		(20,481)		514		(19,967)

Interest and other expense, net		(8,345)		(109)		(8,454)	d
Change in fair value of common stock warrant liability		(2,126)		—		(2,126)


Loss before income taxes	$	(30,952)	$	405	$	(30,547)

Income tax benefit		—		—		—

Net loss attributable to the Company	$	(30,952)	$	405	$	(30,547)

Preferred stock dividends declared, deemed dividends and accretion of discount		(52)		39		(13)	f

Net loss attributable to common shareholders	$	(31,004)	$	444	$	(30,560)

Net loss per share:
Basic and diluted	$	(0.14)			$	(0.14)

Weighted average number of common shares outstanding		220,605,068				220,605,068

For the three months ended March 31, 2019

(a)

Research and development: The correction of this misstatement resulted in a net decrease of $4.4 million to research and development, an increase of $143 thousand to the cost of sales of fuel cell systems and related infrastructure, an increase of $971 thousand to the cost of service

performed on fuel cell systems and related infrastructure, an increase in cost of power purchase agreements of $1.0 million and an increase in the cost of fuel delivered to customers of $2.2 million for the three months ended March 31, 2019.

(b)

Provision for loss contracts related to service: The correction of this misstatement resulted in a decrease of $303 thousand in services performed on fuel cell systems and related infrastructure and a net increase of $162 thousand to the provision for loss contracts related to service for the three months ended March 31, 2019.

(c)

Right of use asset: The correction of the misstatement resulted in a net decrease of $167 thousand of cost related to power purchase agreements and increase of $3 thousand to selling general and administrative expenses, for the three months ended March 31, 2019.

(d)

Interest Expense: The correction of this misstatement resulted in an increase of $109 thousand to interest and other expense, net for the three months ended March 31, 2019.

(e)

Other adjustments: Immaterial adjustments for the three months ended March 31, 2019 resulted in the following: Adjustments related to an increase in sales of fuel cells and related infrastructure of $6 thousand, a decrease in sales related to Power Purchase Agreements of $75 thousand, decrease of $106 thousand on selling general and administrative expenses and a decrease of $152 thousand in cost of sales of fuel cell systems and related infrastructure and a decrease in cost of power purchase agreements of $18 thousand.

(f)

Series E redeemable convertible preferred stock deemed dividend: The correction of this misstatement resulted in a net decrease of $39 thousand to preferred stock dividends declared, deemed dividends and accretion of discount.

The following tables present the effect of the Restatement Items, as well as other adjustments, on the Company’s unaudited interim condensed consolidated statements of comprehensive loss indicated (in thousands, except per share):


	As Restated
	Three Months		Three Months		Six Months		Three Months		Nine Months		Three Months
	Ended		Ended		Ended		Ended		Ended		Ended
	March 31, 2019		June 30, 2019		June 30, 2019		September 30, 2019		September 30, 2019		December 30, 2019

Net loss attributable to the Company		(30,547)		(17,338)		(47,885)		(17,822)		(65,707)		(18,036)
Other comprehensive gain (loss) - foreign currency translation adjustment		(210)		86		(124)		(531)		(655)		296
Comprehensive loss attributable to the Company	$	(30,757)	$	(17,252)	$	(48,009)	$	(18,353)	$	(66,362)	$	(17,740)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		(13)		(26)		(544)		(570)		(1,241)
Comprehensive loss attributable to common stockholders	$	(30,770)	$	(17,265)	$	(48,035)	$	(18,897)	$	(66,932)	$	(18,981)


	For the three months ended September 30, 2020						For the nine months ended September 30, 2020
	As Previously		Cumulative		As		As Previously		Cumulative		As
	Reported		Adjustments		Restated		Reported		Adjustments		Restated

Net loss attributable to the Company	$	(39,379)		(25,838)		(65,217)	$	(85,514)		(26,536)		(112,050)
Other comprehensive gain - foreign currency translation adjustment		687		—		687		558		—		558
Comprehensive loss attributable to the Company	$	(38,692)	$	(25,838)	$	(64,530)	$	(84,956)	$	(26,536)	$	(111,492)

Preferred stock dividends declared, deemed dividends and accretion of discount		—		—		—		(19)		(7)		(26)
Comprehensive loss attributable to common stockholders		(38,692)		(25,838)		(64,530)		(84,975)		(26,543)		(111,518)


	For the three months ended June 30, 2020						For the six months ended June 30, 2020
	As Previously		Cumulative		As		As Previously		Cumulative		As
	Reported		Adjustments		Restated		Reported		Adjustments		Restated

Net loss attributable to the Company	$	(8,656)		(745)		(9,401)	$	(46,135)		(698)		(46,833)
Other comprehensive gain (loss) - foreign currency translation adjustment		107		—		107		(129)		—		(129)
Comprehensive loss attributable to the Company	$	(8,549)	$	(745)	$	(9,294)	$	(46,264)	$	(698)	$	(46,962)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)		(19)		(7)		(26)
Comprehensive loss attributable to common stockholders		(8,562)		(745)		(9,307)		(46,283)		(705)		(46,988)


	For the three months ended March 31, 2020,
	As Previously Reported		Cumulative Adjustments		As Restated

Net loss attributable to the Company	$	(37,479)		47		(37,432)
Other comprehensive loss - foreign currency translation adjustment		(236)		—		(236)
Comprehensive loss attributable to the Company	$	(37,715)	$	47	$	(37,668)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)
Comprehensive loss attributable to common stockholders	$	(37,728)	$	47	$	(37,681)


	For the three months ended September 30, 2019						For the nine months ended September 30, 2019
	As Previously		Cumulative		As		As Previously		Cumulative		As
	Reported		Adjustments		Restated		Reported		Adjustments		Restated

Net loss attributable to the Company	$	(18,144)		322		(17,822)	$	(67,190)		1,483		(65,707)
Other comprehensive gain (loss) - foreign currency translation adjustment		(531)		—		(531)		(655)		—		(655)
Comprehensive loss attributable to the Company	$	(18,675)	$	322	$	(18,353)	$	(67,845)	$	1,483	$	(66,362)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		(531)		(544)		(39)		(531)		(570)
Comprehensive loss attributable to common stockholders		(18,688)		(209)		(18,897)		(67,884)		952		(66,932)


	For the three months ended June 30, 2019						For the six months ended June 30, 2019
	As Previously		Cumulative		As		As Previously		Cumulative		As
	Reported		Adjustments		Restated		Reported		Adjustments		Restated

Net loss attributable to the Company	$	(18,094)		756		(17,338)	$	(49,046)		1,161		(47,885)
Other comprehensive gain (loss) - foreign currency translation adjustment		86		—		86		(124)		—		(124)
Comprehensive loss attributable to the Company	$	(18,008)	$	756	$	(17,252)	$	(49,170)	$	1,161	$	(48,009)

Preferred stock dividends declared, deemed dividends and accretion of discount		(13)		—		(13)		(26)		—		(26)
Comprehensive loss attributable to common stockholders		(18,021)		756		(17,265)		(49,196)		1,161		(48,035)


	For the three months ended March 31, 2019,
	As Previously Reported		Cumulative Adjustments		As Restated

Net loss attributable to the Company	$	(30,952)		405		(30,547)
Other comprehensive gain (loss) - foreign currency translation adjustment		(210)		—		(210)
Comprehensive loss attributable to the Company	$	(31,162)	$	405	$	(30,757)

Preferred stock dividends declared, deemed dividends and accretion of discount		(52)		39		(13)
Comprehensive loss attributable to common stockholders	$	(31,214)		444	$	(30,770)

The following tables present the effect of the Restatement Items, as well as other adjustments, on the Company’s unaudited interim condensed consolidated statements of stockholders’ equity (in thousands, except per share):


						Accumulated
				Additional		Other							Total
	Common Stock			Paid-in		Comprehensive		Treasury Stock			Accumulated		Stockholders’
	Shares	Amount		Capital		Income		Shares	Amount		Deficit		Equity

BALANCE - March 31, 2020 (As Previously Reported)	322,220,469	$	3,222	$	1,519,257	$	1,164	15,261,007	$	(31,224)	$	(1,383,299)	$	109,120
Cumulative adjustments	—		—		(163)		(112)	—		—		(4,453)		(4,728)
BALANCE - March 31, 2020 (As Restated)	322,220,469		3,222		1,519,094		1,052	15,261,007		(31,224)		(1,387,752)		104,392

BALANCE - June 30, 2020 (As Previously Reported)	348,201,792	$	3,482	$	1,658,532	$	1,271	15,292,591	$	(31,359)	$	(1,391,961)	$	239,965
Cumulative adjustments	—		—		(94)		(112)	—		—		(5,199)		(5,405)
BALANCE - June 30, 2020 (As Restated)	348,201,792		3,482		1,658,438		1,159	15,292,591		(31,359)		(1,397,160)		234,560

BALANCE - September 30, 2020 (As Previously Reported)	406,123,816	$	4,061	$	2,083,199	$	1,958	15,926,068	$	(40,434)	$	(1,431,340)	$	617,444
Cumulative adjustments	—		—		(30)		(112)	—		—		(31,037)		(31,179)
BALANCE - September 30, 2020 (As Restated)	406,123,816	$	4,061	$	2,083,169	$	1,846	15,926,068	$	(40,434)	$	(1,462,377)	$	586,265


						Accumulated
				Additional		Other							Total
	Common Stock			Paid-in		Comprehensive		Treasury Stock			Accumulated		Stockholders’
	Shares	Amount		Capital		Income		Shares	Amount		Deficit		Equity (Deficit)

BALANCE - March 31, 2019 (As Previously Reported)	244,537,235	$	2,445	$	1,316,893	$	1,374	15,002,663	$	(30,637)	$	(1,291,255)	$	(1,180)
Cumulative adjustments	—		—		(78)		—	—		—		(5,817)		(5,895)
BALANCE - March 31, 2019 (As Restated)	244,537,235		2,445		1,316,815		1,374	15,002,663		(30,637)		(1,297,072)		(7,075)

BALANCE - June 30, 2019 (As Previously Reported)	246,975,173	$	2,470	$	1,325,459	$	1,460	15,020,437	$	(30,681)	$	(1,309,363)	$	(10,655)
Cumulative adjustments	—		—		(78)		—	—		—		(5,062)		(5,140)
BALANCE - June 30, 2019 (As Restated)	246,975,173		2,470		1,325,381		1,460	15,020,437		(30,681)		(1,314,425)		(15,795)

BALANCE - September 30, 2019 (As Previously Reported)	253,982,578	$	2,540	$	1,340,859	$	929	15,259,045	$	(31,216)	$	(1,327,518)	$	(14,406)
Cumulative adjustments	—		—		(78)		—	—		—		(4,741)		(4,819)
BALANCE - September 30, 2019 (As Restated)	253,982,578	$	2,540	$	1,340,781	$	929	15,259,045	$	(31,216)	$	(1,332,259)	$	(19,225)

The following tables present the effect of the Restatement Items, as well as other adjustments, on the Company’s unaudited interim condensed consolidated statements of cash flows (in thousands):


	As Restated
	Three Months Ended		Six Months Ended		Nine Months Ended
	March 31, 2020		June 30, 2020		September 30, 2020
Operating Activities
Net loss attributable to the Company	$	(37,432)	$	(46,833)	$	(112,050)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		2,991		6,069		9,860
Amortization of intangible assets		175		398		835
Stock-based compensation		3,045		6,188		9,258
Gain on extinguishment of debt		—		(13,222)		(13,222)
Amortization of debt issuance costs and discount on convertible senior notes		2,716		6,528		12,183
Provision for common stock warrants		2,566		7,983		25,198
Fair value adjustment to contingent consideration		—		—		1,130
Income tax benefit		—		(17,371)		(24,015)
Loss (benefit) on service contracts		(128)		277		25,110
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		1,034		(18,333)		(86,056)
Inventory		(20,581)		(37,983)		(57,615)
Prepaid expenses, and other assets		(10,794)		(11,887)		(4,956)
Accounts payable, accrued expenses, and other liabilities		(3,374)		3,903		41,125
Deferred revenue		(620)		2,392		16,709
Net cash used in operating activities		(60,402)		(111,891)		(156,506)
Investing Activities
Purchases of property, plant and equipment		(2,507)		(5,009)		(11,265)
Purchase of intangible assets		—		—		(1,638)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(3,848)		(6,256)		(13,699)
Net cash paid for acquisitions		—		(45,286)		(45,113)
Net cash used in investing activities		(6,355)		(56,551)		(71,715)
Financing Activities
Proceeds from public offerings, net of transaction costs		—		(269)		344,398
Proceeds from exercise of stock options		6,104		15,798		23,335
Proceeds from issuance of convertible senior notes, net		—		205,100		205,098
Repurchase of convertible senior notes		—		(90,238)		(90,238)
Purchase of capped calls and common stock forward		—		(16,253)		(16,253)
Proceeds from termination of capped calls		—		24,158		24,158
Principal payments on long-term debt		(5,315)		(21,626)		(27,845)
Proceeds from long-term debt, net		—		49,000		99,000
Repayments of finance obligations		(5,343)		(11,129)		(19,038)
Proceeds from finance obligations		9,024		27,678		47,568
Net cash provided by financing activities		4,470		182,219		590,183
Effect of exchange rate changes on cash		1		(24)		(90)
Increase in cash, cash equivalents and restricted cash		(62,286)		13,753		361,872
Cash, cash equivalents, and restricted cash beginning of period		369,500		369,500		369,500
Cash, cash equivalents, and restricted cash end of period	$	307,214	$	383,253	$	731,372

Supplemental disclosure of cash flow information
Cash paid for interest	$	5,155	$	9,466	$	16,975

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	340	$	6,836	$	25,857
Conversion of preferred stock to common stock		441		441		43,058


	As Restated
	Three Months Ended		Six Months Ended		Nine Months Ended
	March 31, 2019		June 30, 2019		September 30, 2019
Operating Activities
Net loss attributable to the Company	$	(30,547)	$	(47,885)	$	(65,707)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		2,748		5,433		8,858
Amortization of intangible assets		175		338		518
Stock-based compensation		2,497		5,123		7,927
Loss on extinguishment of debt		518		518		518
Provision for bad debts and other assets		307		907		1,253
Amortization of debt issuance costs and discount on convertible senior notes		2,469		4,340		6,442
Provision for common stock warrants		1,193		2,209		3,706
Loss on disposal of leased assets		—		212		212
Change in fair value of common stock warrant liability		2,126		420		(7)
Benefit on service contracts		(142)		(873)		(1,366)
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		5,001		9,864		11,625
Inventory		(17,716)		(25,431)		(32,843)
Prepaid expenses, and other assets		1,018		(460)		427
Accounts payable, accrued expenses, and other liabilities		(2,887)		662		10,164
Deferred revenue		(2,459)		(3,705)		(5,868)
Net cash used in operating activities		(35,699)		(48,328)		(54,141)
Investing Activities
Proceeds from sale of equity interest in joint venture
Purchases of property, plant and equipment		(1,468)		(2,844)		(4,635)
Purchase of intangible assets		—		(1,860)		(1,860)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(806)		(1,987)		(2,851)
Proceeds from sale of leased assets		—		375		375
Net cash used in investing activities		(2,274)		(6,316)		(8,971)
Financing Activities
Proceeds from issuance of preferred stock, net of transaction costs		(3)		(8)		(37)
Proceeds from public offerings, net of transaction costs		23,498		28,265		38,098
Proceeds from exercise of stock options		81		205		(116)
Payments for redemption of preferred stock		—		—		(4,040)
Proceeds from issuance of convertible senior notes, net		—		—		39,052
Principal payments on long-term debt		(17,671)		(18,039)		(21,704)
Proceeds from long-term debt, net		84,761		99,546		99,496
Repayments of finance obligations		(53,580)		(55,712)		(56,603)
Proceeds from finance obligations		—		25,609		57,249
Net cash provided by financing activities		37,086		79,866		151,395
Effect of exchange rate changes on cash		(35)		(48)		(119)
Increase (decrease) in cash, cash equivalents and restricted cash		(922)		25,174		88,164
Cash, cash equivalents, and restricted cash beginning of period		110,153		110,153		110,153
Cash, cash equivalents, and restricted cash end of period	$	109,231	$	135,327	$	198,317

Supplemental disclosure of cash flow information
Cash paid for interest	$	4,858	$	8,673	$	8,673

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	2,000	$	11,689	$	29,903
Conversion of preferred stock to common stock		—		—		1,883


	For the Nine Months Ended September 30, 2020
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(85,514)	$	(26,536)	$	(112,050)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		9,381		479		9,860	b, e
Amortization of intangible assets		835		—		835
Stock-based compensation		9,258		—		9,258
Gain on extinguishment of debt		(13,222)		—		(13,222)
Amortization of debt issuance costs and discount on convertible senior notes		12,183		—		12,183
Provision for common stock warrants		25,198		—		25,198
Fair value adjustment to contingent consideration		1,130		—		1,130
Income tax benefit		(24,182)		167		(24,015)	e
Loss on service contracts		4,306		20,804		25,110	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		(86,004)		(52)		(86,056)	e
Inventory		(57,718)		103		(57,615)	e
Prepaid expenses, and other assets		(4,956)		—		(4,956)
Accounts payable, accrued expenses, and other liabilities		35,748		5,377		41,125	b, d, e
Deferred revenue		16,647		62		16,709	e
Net cash used in operating activities		(156,910)		404		(156,506)
Investing Activities
Purchases of property, plant and equipment		(11,265)		—		(11,265)
Purchase of intangible assets		(1,638)		—		(1,638)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(13,699)		—		(13,699)
Net cash paid for acquisitions		(45,113)		—		(45,113)
Net cash used in investing activities		(71,715)		—		(71,715)
Financing Activities
Proceeds from public offerings, net of transaction costs		344,398		—		344,398
Proceeds from exercise of stock options		23,335		—		23,335
Proceeds from issuance of convertible senior notes, net		205,098		—		205,098
Repurchase of convertible senior notes		(90,238)		—		(90,238)
Purchase of capped calls and common stock forward		(16,253)		—		(16,253)
Proceeds from termination of capped calls		24,158		—		24,158
Principal payments on long-term debt		(27,845)		—		(27,845)
Proceeds from long-term debt, net		99,000		—		99,000
Repayments of finance obligations		(18,634)		(404)		(19,038)	b
Proceeds from finance obligations		47,568		—		47,568
Net cash provided by financing activities		590,587		(404)		590,183
Effect of exchange rate changes on cash		(90)		—		(90)
Increase in cash, cash equivalents and restricted cash		361,872		—		361,872
Cash, cash equivalents, and restricted cash beginning of period		369,500		—		369,500
Cash, cash equivalents, and restricted cash end of period	$	731,372	$	—	$	731,372

Supplemental disclosure of cash flow information
Cash paid for interest	$	16,975	$	—		16,975

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	56,377	$	(30,520)	$	25,857	b
Conversion of convertible notes to common stock		42,873		185		43,058	e

For the nine months ended September 30, 2020

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the nine months ended September 30, 2020 above.

(b)

Right of use asset: The correction of this misstatement resulted in an increase to operating cash flows of $591 thousand and a decrease to financing cash flows of $404 thousand for the nine months ended September 30,2020. In addition, the adjustments resulted in a decrease of $30.5 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in an increase within operating cash flows of $20.8 million for the nine months ended September 30, 2020.

(d)

Bonus accrual: Adjustments related to the under accrual for bonus expenses resulted in an increase within operating cash flows of $5.3 million for the nine months ended September 30, 2020.

(e)

Other adjustments: Immaterial adjustments resulted in an increase to operating cash flows of $226 thousand for the nine months ended September 30, 2020. In addition, there was an increase of $185 thousand in conversion of convertible notes to common stock.


	For the Six Months Ended June 30, 2020
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(46,135)	$	(698)	$	(46,833)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		5,783		286		6,069	b, d
Amortization of intangible assets		398		—		398
Stock-based compensation		6,188		—		6,188
Gain on extinguishment of debt		(13,222)		—		(13,222)
Amortization of debt issuance costs and discount on convertible senior notes		6,528		—		6,528
Provision for common stock warrants		7,983		—		7,983
Income tax benefit		(17,659)		288		(17,371)	d
Loss on service contracts		—		277		277	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		(18,393)		60		(18,333)	d
Inventory		(37,983)		—		(37,983)
Prepaid expenses, and other assets		(11,817)		(70)		(11,887)	d
Accounts payable, accrued expenses, and other liabilities		4,699		(796)		3,903	b, d
Deferred revenue		2,383		9		2,392	d
Net cash used in operating activities		(111,247)		(644)		(111,891)
Investing Activities
Purchases of property, plant and equipment		(5,009)		—		(5,009)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(6,256)		—		(6,256)
Net cash paid for acquisitions		(45,286)		—		(45,286)
Net cash used in investing activities		(56,551)		—		(56,551)
Financing Activities
Proceeds from public offerings, net of transaction costs		(269)		—		(269)
Proceeds from exercise of stock options		15,798		—		15,798
Proceeds from issuance of convertible senior notes, net		205,100		—		205,100
Repurchase of convertible senior notes		(90,238)		—		(90,238)
Purchase of capped calls and common stock forward		(16,253)		—		(16,253)
Proceeds from termination of capped calls		24,158		—		24,158
Principal payments on long-term debt		(21,626)		—		(21,626)
Proceeds from long-term debt, net		49,000		—		49,000
Repayments of finance obligations		(11,783)		654		(11,129)	b,d
Proceeds from finance obligations		27,678		—		27,678
Net cash provided by financing activities		181,565		654		182,219
Effect of exchange rate changes on cash		(14)		(10)		(24)
Increase in cash, cash equivalents and restricted cash		13,753		—		13,753
Cash, cash equivalents, and restricted cash beginning of period		369,500		—		369,500
Cash, cash equivalents, and restricted cash end of period	$	383,253	$	—	$	383,253

Supplemental disclosure of cash flow information
Cash paid for interest	$	9,466	$	—		9,466

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	26,922	$	(20,086)	$	6,836	b
Conversion of preferred stock to common stock		441		—		441

As of June 30, 2020

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the six months ended June 30, 2020 above.

(b)

Right of use asset: The correction of this misstatement resulted in a decrease to operating cash flows of $553 thousand and a decrease financing cash flows of $222 thousand for the six months ended June 30, 2020. In addition, the adjustments resulted in a decrease of $20.1 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in an increase to operating cash flows of $277 thousand for the six months ended June 30, 2020.

(d)

Other adjustments: Immaterial adjustments resulted in an increase to operating cash flows of $330 thousand for the six months ended June 30, 2020.


	For the Three Months Ended March 31, 2020
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(37,479)	$	47	$	(37,432)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		2,850		141		2,991	b, d
Amortization of intangible assets		175		—		175
Stock-based compensation		3,045		—		3,045
Amortization of debt issuance costs and discount on convertible senior notes		2,716		—		2,716
Provision for common stock warrants		2,566		—		2,566
Benefit on service contracts		—		(128)		(128)	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		1,011		23		1,034	d
Inventory		(20,581)		—		(20,581)
Prepaid expenses, and other assets		(10,794)		—		(10,794)
Accounts payable, accrued expenses, and other liabilities		(2,933)		(441)		(3,374)	b
Deferred revenue		(591)		(29)		(620)	d
Net cash used in operating activities		(60,015)		(387)		(60,402)
Investing Activities
Purchases of property, plant and equipment		(2,507)		—		(2,507)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(3,848)		—		(3,848)
Net cash used in investing activities		(6,355)		—		(6,355)
Financing Activities
Proceeds from exercise of stock options		6,104		—		6,104
Principal payments on long-term debt		(5,315)		—		(5,315)
Repayments of finance obligations		(5,730)		387		(5,343)	b
Proceeds from finance obligations		9,024		—		9,024
Net cash provided by financing activities		4,083		387		4,470
Effect of exchange rate changes on cash		1		—		1
Increase in cash, cash equivalents and restricted cash		(62,286)		—		(62,286)
Cash, cash equivalents, and restricted cash beginning of period		369,500		—		369,500
Cash, cash equivalents, and restricted cash end of period	$	307,214	$	—	$	307,214

Supplemental disclosure of cash flow information
Cash paid for interest	$	5,155	$	—		5,155

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	6,189	$	(5,849)	$	340	b
Conversion of preferred stock to common stock		441		—		441

As of March 31, 2020

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the three months ended March 31, 2020 above.

(b)

Right of use asset: The correction of this misstatement resulted in a decrease to operating cash flows of $282 thousand and an increase to financing cash flows of $387 thousand for the three months ended March 31, 2020. In addition, the adjustments resulted in a decrease of $5.8 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in a decrease to operating cash flows of $128 thousand for the three months ended March 31, 2020.

(d)

Other adjustments: Immaterial adjustments resulted in a deccrease to operating cash flows of $24 thousand for the period ended March 31, 2020.


	For the Nine Months Ended September 30, 2019
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(67,190)	$	1,483	$	(65,707)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		8,944		(86)		8,858	b, d
Amortization of intangible assets		518		—		518
Stock-based compensation		7,927		—		7,927
Loss on extinguishment of debt		—		518		518	d
Provision for bad debts and other assets		1,253		—		1,253
Amortization of debt issuance costs and discount on convertible senior notes		6,257		185		6,442	d
Provision for common stock warrants		3,706		—		3,706
Change in fair value of common stock warrant liability		(7)		—		(7)
Loss on disposal of leased assets		212		—		212
Benefit on service contracts		—		(1,366)		(1,366)	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		11,702		(77)		11,625	d
Inventory		(32,691)		(152)		(32,843)	d
Prepaid expenses, and other assets		427		—		427
Accounts payable, accrued expenses, and other liabilities		13,293		(3,129)		10,164	b, d
Deferred revenue		(6,152)		284		(5,868)	d
Net cash used in operating activities		(51,801)		(2,340)		(54,141)
Investing Activities
Purchases of property, plant and equipment		(4,635)		—		(4,635)
Purchase of intangible assets		(1,860)		—		(1,860)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(2,851)		—		(2,851)
Proceeds from sale of leased assets		375		—		375
Net cash used in investing activities		(8,971)		—		(8,971)

Financing Activities
Proceeds from issuance of preferred stock, net of transaction costs		(37)		—		(37)
Proceeds from public offerings, net of transaction costs		38,098		—		38,098
Proceeds from exercise of stock options		(116)		—		(116)
Payments for redemption of preferred stock		(4,040)		—		(4,040)
Proceeds from issuance of convertible senior notes, net		39,052		—		39,052
Principal payments on long-term debt		(21,186)		(518)		(21,704)	d
Proceeds from long-term debt, net		99,496		—		99,496
Repayments of finance obligations		(59,461)		2,858		(56,603)	b
Proceeds from finance obligations		57,249		—		57,249
Net cash provided by financing activities		149,055		2,340		151,395
Effect of exchange rate changes on cash		(119)		—		(119)
Increase in cash, cash equivalents and restricted cash		88,164		—		88,164
Cash, cash equivalents, and restricted cash beginning of period		110,153		—		110,153
Cash, cash equivalents, and restricted cash end of period	$	198,317	$	—	$	198,317

Supplemental disclosure of cash flow information
Cash paid for interest	$	8,673	$	—		8,673

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	78,626	$	(48,723)	$	29,903	b
Conversion of preferred stock to common stock		1,883		—		1,883

For the nine months ended September 30, 2019

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the nine months ended September 30, 2019 above.

(b)

Right of use asset: The correction of this misstatement resulted in a decrease to operating cash flows of $3.1 million and an increase to financing cash flows of $2.9 million for the nine months ended September 30, 2019. In addition, the adjustments resulted in a decrease of $48.7 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in a decrease to operating cash flows of $1.4 million for the nine months ended September 30, 2019.

(d)

Other adjustments: Immaterial adjustments resulted in an increase to operating cash flows of $600 thousand and a decrease to financing cash flows of $518 thousand for the period ended nine months ended September 30, 2019.


	For the Six Months Ended June 30, 2019
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(49,046)	$	1,161	$	(47,885)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		5,496		(63)		5,433	b, d
Amortization of intangible assets		338		—		338
Stock-based compensation		5,123		—		5,123
Loss on extinguishment of debt		—		518		518	d
Amortization of debt issuance costs and discount on convertible senior notes		4,340		—		4,340
Provision for common stock warrants		2,209		—		2,209
Provision for bad debts and other		907		—		907
Loss on disposal of assets		212		—		212
Change in fair value of common stock warrant liability		420		—		420
Benefit on service contracts		—		(873)		(873)	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		9,848		16		9,864	d
Inventory		(25,280)		(151)		(25,431)	d
Prepaid expenses, and other assets		(460)		—		(460)
Accounts payable, accrued expenses, and other liabilities		1,232		(570)		662	b, d
Deferred revenue		(3,827)		122		(3,705)	d
Net cash used in operating activities		(48,488)		160		(48,328)
Investing Activities
Purchases of property, plant and equipment		(2,844)		—		(2,844)
Purchase of intangible assets		(1,860)		—		(1,860)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(1,987)		—		(1,987)
Proceeds from sale of leased assets		375		—		375
Net cash used in investing activities		(6,316)		—		(6,316)

Financing Activities
Proceeds from issuance of preferred stock, net of transaction costs		(8)		—		(8)
Proceeds from public offerings, net of transaction costs		28,265		—		28,265
Proceeds from exercise of stock options		205		—		205
Principal payments on long-term debt		(17,521)		(518)		(18,039)	d
Proceeds from long-term debt, net		99,546		—		99,546
Repayments of finance obligations		(56,070)		358		(55,712)	b
Proceeds from finance obligations		25,609		—		25,609
Net cash provided by financing activities		80,026		(160)		79,866
Effect of exchange rate changes on cash		(48)		—		(48)
Increase in cash, cash equivalents and restricted cash		25,174		—		25,174
Cash, cash equivalents, and restricted cash beginning of period		110,153		—		110,153
Cash, cash equivalents, and restricted cash end of period	$	135,327	$	—	$	135,327

Supplemental disclosure of cash flow information
Cash paid for interest	$	8,673	$	—		8,673

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	34,530	$	(22,841)	$	11,689	b

For the six months ended June 30, 2019

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the six months ended June 30, 2019 above.

(b)

Right of use asset: The correction of this misstatement resulted in a decrease to operating cash flows of $492 thousand and an increase to financing cash flows of $358 thousand for the six ended June 30, 2019. In addition, the adjustments resulted in a decrease of $22.8 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in a decrease to operating cash flows of $873 thousand for the six months ended June 30, 2019.

(d)

Other adjustments: Immaterial adjustments resulted in an increase to operating cash flows of $364 thousand and a decrease in financing cash flows of $518 thousand for the six months ended June 30, 2019.


	For the Three Months Ended March 31, 2019
	As previously		Restatement		As		Restatement
	Reported		Adjustments		Restated		References
Operating Activities
Net loss attributable to the Company	$	(30,952)	$	405	$	(30,547)	a
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of long-lived assets		2,776		(28)		2,748	b, d
Amortization of intangible assets		175		—		175
Stock-based compensation		2,497		—		2,497
Loss on extinguishment of debt		—		518		518	d
Provision for bad debts and other assets		307		—		307
Amortization of debt issuance costs and discount on convertible senior notes		2,469		—		2,469
Provision for common stock warrants		1,193		—		1,193
Change in fair value of common stock warrant liability		2,126		—		2,126
Benefit on service contracts		—		(142)		(142)	c
Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable		4,978		23		5,001	d
Inventory		(17,564)		(152)		(17,716)	d
Prepaid expenses, and other assets		1,018		—		1,018
Accounts payable, accrued expenses, and other liabilities		(2,781)		(106)		(2,887)	d
Deferred revenue		(2,505)		46		(2,459)	d
Net cash used in operating activities		(36,263)		564		(35,699)
Investing Activities
Purchases of property, plant and equipment		(1,468)		—		(1,468)
Purchases of equipment related to PPA and equipment related to fuel delivered to customers		(806)		—		(806)
Net cash used in investing activities		(2,274)		—		(2,274)

Financing Activities
Proceeds from issuance of preferred stock, net of transaction costs		(3)		—		(3)
Proceeds from public offerings, net of transaction costs		23,498		—		23,498
Proceeds from exercise of stock options		81		—		81
Principal payments on long-term debt		(17,153)		(518)		(17,671)	d
Proceeds from long-term debt, net		84,761		—		84,761
Repayments of finance obligations		(53,534)		(46)		(53,580)	b
Net cash provided by financing activities		37,650		(564)		37,086
Effect of exchange rate changes on cash		(35)		—		(35)
Decrease in cash, cash equivalents and restricted cash		(922)		—		(922)
Cash, cash equivalents, and restricted cash beginning of period		110,153		—		110,153
Cash, cash equivalents, and restricted cash end of period	$	109,231	$	—	$	109,231

Supplemental disclosure of cash flow information
Cash paid for interest	$	4,858	$	—		4,858

Summary of non-cash investing and financing activity
Recognition of right of use assets	$	—	$	2,000	$	2,000	b

For the three months ended March 31, 2019

(a)

Refer to description of the adjustments and their impact on net loss in the Consolidated Statement of Operations sections for the three months ended March 31, 2019 above.

(b)

Right of use asset: The correction of this misstatement resulted in a decrease to operating cashflows of $12 thousand and a decrease to financing cashflow of $46 thousand for the three months ended March 31,2019. In addition, the adjustments resulted in an increase of $2.0 million to the non-cash investing and financing activity related to the recognition of the right of use asset.

(c)

Provision for loss contracts related to service: The correction of this misstatement resulted in a decrease to operating cashflows of $142 thousand for the three months ended March 31, 2020.

(d)

Other adjustments: Immaterial adjustments resulted in an increase to operating activities of $312 thousand and a decrease in financing cashflows of $518 thousand for the three months ended March 30, 2019.