Exhibit 99.1 Schedule of selected items in the Restated Periods
The table below is only a summary of the adjustments expected to be reflected in the 2021 Form 10-K, and the adjustments shown below are preliminary and remain subject to changes pending the completion of the audit.
Restated Interim Periods | Revised* | |||||||||||||||||||
Three Months Ended | Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | Twelve Months Ended | |||||||||||||||
March 31, 2020 | June 30, 2020 | September 30, 2020 | December 31, 2020 | |||||||||||||||||
Income Statement | ||||||||||||||||||||
Revenue | ||||||||||||||||||||
As Reported | $ | 4,763,668 | $ | 3,135,039 | $ | 7,898,707 | $ | 4,036,120 | $ | 11,934,827 | $ | 18,329,555 | ||||||||
As Restated | 4,324,475 | 3,049,817 | 7,374,292 | 4,207,554 | 11,581,846 | 17,967,207 | ||||||||||||||
Change | (439,193) | (85,222) | (524,415) | 171,434 | (352,981) | (362,348) | ||||||||||||||
% Change | (9.22) | % | (2.72) | % | (6.64) | % | 4.25 | % | (2.96) | % | (1.98) | % | ||||||||
Cost of Revenue | ||||||||||||||||||||
As Reported | $ | 2,140,517 | $ | 1,414,249 | $ | 3,554,766 | $ | 1,701,770 | $ | 5,256,536 | $ | 8,000,038 | ||||||||
As Restated | 1,988,277 | 1,377,800 | 3,366,077 | 1,750,743 | 5,116,820 | 7,896,078 | ||||||||||||||
Change | (152,240) | (36,449) | (188,689) | 48,973 | (139,716) | (103,960) | ||||||||||||||
% Change | (7.11) | % | (2.58) | % | (5.31) | % | 2.88 | % | (2.66) | % | (1.30) | % | ||||||||
Net Income (Loss) | ||||||||||||||||||||
As Reported | $ | (6,163,461) | $ | (1,791,141) | $ | (7,954,603) | $ | (1,254,799) | $ | (9,209,402) | $ | (10,250,007) | ||||||||
As Restated | (6,450,414) | (1,839,915) | (8,290,329) | (1,132,339) | (9,422,668) | (10,508,395) | ||||||||||||||
Change | (286,953) | (48,774) | (335,726) | 122,460 | (213,266) | (258,388) | ||||||||||||||
% Change | (4.66) | % | (2.72) | % | (4.22) | % | 9.76 | % | (2.32) | % | (2.52) | % | ||||||||
EPS | ||||||||||||||||||||
As Reported | $ | (0.18) | $ | (0.05) | $ | (0.22) | $ | (0.03) | $ | (0.24) | $ | (0.25) | ||||||||
As Restated | (0.19) | (0.05) | (0.23) | (0.02) | (0.24) | (0.25) | ||||||||||||||
Change | (0.01) | — | (0.01) | 0.01 | — | — | ||||||||||||||
Current Liabilities | ||||||||||||||||||||
Creator Payables | ||||||||||||||||||||
As Reported | $ | 553,183 | $ | 593,549 | $ | 758,336 | $ | 882,044 | ||||||||||||
As Restated | 867,644 | 861,328 | 1,168,065 | 1,312,875 | ||||||||||||||||
Change | 314,461 | — | 267,779 | — | 409,729 | 430,831 | ||||||||||||||
Contract Liabilities | ||||||||||||||||||||
As Reported | $ | 5,597,479 | $ | 5,841,264 | $ | 7,028,687 | $ | 7,180,264 | ||||||||||||
As Restated | 5,178,515 | 5,510,305 | 6,461,575 | 6,634,870 | ||||||||||||||||
Change | (418,964) | — | (330,959) | — | (567,112) | (545,394) |
*The cumulative impact for the year ended December 31, 2020 is not material, and is not required to be restated.