Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

As a result of the adoption, the deemed dividend recorded in the first quarter of 2020 related to the beneficial conversion feature of the convertible Series A Preferred Stock, was reclassified from Accumulated Deficit to Additional Paid-in Capital within Equity, as shown in the following table:


Nine Months Ended September 30, 2020	Additional Paid-in Capital		Accumulated Deficit
Issuance of preferred stock in exchange for common stock, as originally reported	$	149	$	(50,204)
Adoption of ASU 2020-06	(50,204)		50,204
Issuance of preferred stock in exchange for common stock, as adjusted	$	(50,055)	$	—

In addition, since the beneficial conversion feature is no longer recorded as a deemed dividend, the allocation of net income (loss) attributable to stockholders and the related Basic and Diluted net income (loss) per share (EPS) has been adjusted, as shown in the following table:


Nine Months Ended September 30, 2020	Common Stock		Preferred Stock
Net income (loss) attributable to stockholders, as originally reported	$	(180,172)	$	19,289
Adoption of ASU 2020-06	42,851		(42,851)
Net loss attributable to stockholders, as adjusted	$	(137,321)	$	(23,562)

Basic and Diluted EPS, as originally reported	$	(2.35)	$	1.46
Adoption of ASU 2020-06	0.56		(3.25)
Basic and Diluted EPS, as adjusted	$	(1.79)	$	(1.79)