Revision of Prior Period Financial Statements

9 Months Ended

Sep. 30, 2022

Accounting Changes And Error Corrections [Abstract]

Revision of Prior Period Financial Statements

Note 5. Revision of Prior Period Financial Statements

Prior to April 1, 2022, the Company classified amortization expense related to the developed technology and customer relationships intangible assets within R&D in its condensed consolidated statements of operations and comprehensive loss. Amortization expense on the developed technology intangible asset is now classified within cost of net revenue, and amortization expense on customer relationships is now classified in SG&A. Prior period amounts have been conformed to the current period presentation. The reclassification had no impact on the Company's net loss or cash flows for the three months ended March 31, 2022 and nine months ended September 30, 2022.

The effects of the adjustments for the three months ended March 31, 2022 were as follows (in thousands):

	As Reported		Adjustment			As Revised
Condensed Consolidated Statement of Operations:
Cost of net revenue	$	1,590	$	358		$	1,948
Gross profit		1,813		(358	)		1,455
Research and development		6,003		(517	)		5,486
Selling, general and administrative		2,546		159			2,705
Total operating expenses	$	8,549	$	(358	)	$	8,191