General form of registration statement for all companies including face-amount certificate companies

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

v3.21.4
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables) - Foresight Acquisition Corp [Member]
9 Months Ended
Sep. 30, 2021
Summary Of Revision Of Previously Issued Financial Statements

    

As Previously

    

    

Balance Sheet as of February 12, 2021 (unaudited)

Reported

Adjustment

As Restated

Class A common stock subject to possible redemption

$

301,630,948

$

14,619,052

$

316,250,000

Class A common stock

$

230

$

(147)

$

83

Additional paid-in capital

$

5,235,691

$

(5,235,691)

$

Accumulated deficit

$

(236,705)

$

(9,383,214)

$

(9,619,919)

Total Stockholders’ Equity (Deficit)

$

5,000,007

$

(14,619,052)

$

(9,619,045)

Balance Sheet as of March 31, 2021 (unaudited)

 

  

 

  

 

  

Class A common stock subject to possible redemption

$

306,684,320

$

9,565,680

$

316,250,000

Class A common stock

$

179

$

(96)

$

83

Additional paid-in capital

$

182,370

$

(182,370)

$

Retained earnings

$

4,816,670

$

(9,383,214)

$

(4,566,544)

Total Stockholders’ Equity (Deficit)

$

5,000,010

$

(9,565,680)

$

(4,565,670)

Balance Sheet as of June 30, 2021 (unaudited)

 

  

 

  

 

  

Class A common stock subject to possible redemption

$

296,160,450

$

20,089,550

$

316,250,000

Class A common stock

$

284

$

(201)

$

83

Additional paid-in capital

$

10,706,135

$

(10,706,135)

$

Retained earnings

$

(5,707,207)

$

(9,383,214)

$

(15,090,421)

Total Stockholders’ Equity (Deficit)

$

5,000,003

$

(20,089,550)

$

(15,089,547)

Statement of Cash Flows for the Three Months Ended March 31, 2021 (unaudited)

 

  

 

  

 

  

Initial classification of Class A common stock subject to possible redemption

$

301,630,950

$

14,619,050

$

316,250,000

Change in value of Class A common stock subject to possible redemption

 

5,053,370

 

(5,053,370)

 

Statement of Cash Flows for the Six Months Ended June 30, 2021 (unaudited)

 

  

 

  

 

  

Initial classification of Class A common stock subject to possible redemption

$

301,630,950

$

14,619,050

$

316,250,000

Change in value of Class A common stock subject to possible redemption

 

(5,470,500)

 

5,470,500

 

    

As Previously

    

    

    

    

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficit) March 31, 2021

Reported

Adjusted

As Restated

Sales of 31,625,000 Units, net of underwriting discounts

 

298,798,535

 

(298,798,535)

 

Sale of 832,500 Private Placement Units (Private Placement Shares)

 

8,044,125

 

 

8,044,125

Initial value of common stock subject to possible redemption at IPO date

 

(301,630,950)

 

301,630,950

 

Change in value of common stock subject to redemption

 

(5,053,370)

 

5,053,370

 

Accretion for Class A common stock to redemption amount

 

 

(17,451,465)

 

(17,451,465)

Total stockholders’ equity (deficit)

 

5,000,010

 

(9,565,680)

 

(4,565,670)

    

As Previously

    

    

    

    

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficit) June 30, 2021

Reported

Adjusted

As Restated

Change in value of common stock subject to redemption

 

(5,470,500)

 

5,470,500

 

Total stockholders’ equity (deficit)

 

5,000,003

 

(20,089,550)

 

(15,089,547)

Summary of Restatement of Net Income Loss Per Share [Table Text Block]

As Previously

As Previously

As Previously

Reported

As Restated

Reported

As Restated

Reported

As Restated

For the

For the Three

For the

For the

For the

For the

Three Months

Months

Three Months

Three Months

Six Months

Six Months

Ended

Ended

Ended

Ended

Ended

Ended

March 31,

March 31,

June 30,

June 30,

June 30,

June 30,

    

2021

    

2021

    

2021

    

2021

    

2021

    

2021

Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption

 

30,163,095

 

31,625,000

 

29,616,045

 

31,625,000

 

30,496,324

 

31,625,000

Basic and diluted net loss per share,Class A common stock

$

$

0.12

$

$

(0.27)

$

$

(0.15)

Basic and diluted weighted average shares outstanding, Class B common stock subject to possible redemption

 

8,611,731

 

7,715,000

 

9,695,318

 

7,715,000

 

6,875,000

 

7,715,000

Basic and diluted net loss per share, Class B common stock

$

0.56

$

0.12

$

(1.09)

$

(0.27)

$

(0.83)

$

(0.15)