EX-99.1 2 ex99_1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

AULT ALLIANCE, INC. AND SUBSIDIARIES

RESTATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited)

 

 

   As Reported       Restated 
   2021   Adjustment   2021 
Total revenue  $52,400,000   $-   $52,400,000 
Cost of revenue   23,858,000         23,858,000 
Gross profit   28,542,000         28,542,000 
Total operating expenses   46,903,000         46,903,000 
Loss from continuing operations   (18,361,000)        (18,361,000)
Total other income (expenses), net   (5,480,000)   933,000    (4,547,000)
Net loss available to common stockholders  $(24,202,000)  $933,000   $(23,269,000)
                
Basic and diluted net loss per common share:               
Net loss per common share  $(0.44)       $(0.42)
Weighted average common shares outstanding, basic and diluted   55,444,000         55,444,000 
                
Comprehensive loss               
Net loss available to common stockholders  $(24,202,000)  $933,000   $(23,269,000)
Other comprehensive income   1,612,000    (933,000)   679,000 
Total comprehensive loss  $(22,590,000)  $-   $(22,590,000)

 

 

 

 

   As Reported       Restated 
   2020   Adjustment   2020 
Total revenue  $23,871,000   $-   $23,871,000 
Cost of revenue   16,357,000         16,357,000 
Gross profit   7,514,000         7,514,000 
Total operating expenses   13,547,000         13,547,000 
Loss from continuing operations   (6,033,000)        (6,033,000)
Total other income (expenses), net   (27,379,000)   3,312,000    (24,067,000)
Net loss available to common stockholders  $(32,745,000)  $3,312,000   $(29,433,000)
                
Basic and diluted net loss per common share:               
Continuing operations  $(3.41)       $(3.13)
Discontinued operations  $-        $0.07 
Net loss per common share  $(3.41)       $(3.06)
Weighted average common shares outstanding, basic and diluted   9,606,000         9,606,000 
                
Comprehensive loss               
Net loss available to common stockholders  $(32,745,000)  $3,312,000   $(29,433,000)
Other comprehensive income   3,794,000    (3,312,000)   482,000 
Total comprehensive loss  $(28,951,000)  $-   $(28,951,000)