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

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As Previously

    

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Balance Sheet as of February 12, 2021 (unaudited)

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Reported

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Adjustment

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As Restated

Class A common stock subject to possible redemption

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$

301,630,948

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$

14,619,052

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$

316,250,000

Class A common stock

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$

230

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$

(147)

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$

83

Additional paid-in capital

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$

5,235,691

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$

(5,235,691)

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$

—

Accumulated deficit

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$

(236,705)

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$

(9,383,214)

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$

(9,619,919)

Total Stockholders’ Equity (Deficit)

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$

5,000,007

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$

(14,619,052)

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$

(9,619,045)

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Balance Sheet as of March 31, 2021 (unaudited)

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Class A common stock subject to possible redemption

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$

306,684,320

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$

9,565,680

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$

316,250,000

Class A common stock

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$

179

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$

(96)

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$

83

Additional paid-in capital

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$

182,370

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$

(182,370)

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$

—

Retained earnings

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$

4,816,670

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$

(9,383,214)

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$

(4,566,544)

Total Stockholders’ Equity (Deficit)

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$

5,000,010

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$

(9,565,680)

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$

(4,565,670)

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Balance Sheet as of June 30, 2021 (unaudited)

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Class A common stock subject to possible redemption

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$

296,160,450

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$

20,089,550

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$

316,250,000

Class A common stock

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$

284

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$

(201)

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$

83

Additional paid-in capital

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$

10,706,135

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$

(10,706,135)

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$

—

Retained earnings

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$

(5,707,207)

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$

(9,383,214)

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$

(15,090,421)

Total Stockholders’ Equity (Deficit)

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$

5,000,003

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$

(20,089,550)

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$

(15,089,547)

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

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Initial classification of Class A common stock subject to possible redemption

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$

301,630,950

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$

14,619,050

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$

316,250,000

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

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5,053,370

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(5,053,370)

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—

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

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Initial classification of Class A common stock subject to possible redemption

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$

301,630,950

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$

14,619,050

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$

316,250,000

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

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(5,470,500)

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5,470,500

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—

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As Previously

    

    

    

    

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

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Reported

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Adjusted

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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)

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As Previously

    

    

    

    

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

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Reported

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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]

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As Previously

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As Previously

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As Previously

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Reported

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As Restated

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Reported

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As Restated

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Reported

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As Restated

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For the

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For the Three

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For the

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For the

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For the

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For the

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Three Months

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Months

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Three Months

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Three Months

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Six Months

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Six Months

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Ended

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Ended

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Ended

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Ended

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Ended

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Ended

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March 31,

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March 31,

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June 30,

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June 30,

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June 30,

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June 30,

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2021

    

2021

    

2021

    

2021

    

2021

    

2021

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

 

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30,163,095

 

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31,625,000

 

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29,616,045

 

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31,625,000

 

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30,496,324

 

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31,625,000

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

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$

—

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$

0.12

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$

—

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$

(0.27)

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$

—

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$

(0.15)

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

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8,611,731

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7,715,000

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9,695,318

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7,715,000

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6,875,000

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7,715,000

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

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$

0.56

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$

0.12

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$

(1.09)

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$

(0.27)

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$

(0.83)

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$

(0.15)