iAnthus Capital Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revision of Prior Period Financial Statements (Tables)

Revision of Prior Period Financial Statements (Tables)

6 Months Ended

Jun. 30, 2021

The effect of the adjustments on the line items on the Company’s consolidated balance sheet as of December 31, 2020 is as follows:


	December 31, 2020
	As previously reported			Adjustment			As adjusted
Inventories	$	30,292		$	(4,841	)	$	25,451
Current assets		50,464			(4,841	)		45,623
Total assets		357,974			(4,841	)		353,133
Accrued and other current liabilities		56,381			(1,328	)		55,053
Current liabilities		233,207			(1,328	)		231,879
Total liabilities		307,132			(1,328	)		305,804
Accumulated deficit		(720,629	)		(3,513	)		(724,142	)
Total shareholders’ equity		50,842			(3,513	)		47,329
Total liabilities and shareholders’ equity		357,974			(4,841	)		353,133

Summary of Restatement of Statement of Equity

The effect of the adjustments on the line items on the Company’s unaudited interim condensed consolidated statements of shareholders equity for the six months ended June 30, 2021 is as follows:


	June 30, 2021
	As previously reported			Adjustment			As adjusted
Deficit accumulated – Balance January 1, 2021	$	(720,629	)	$	(3,513	)	$	(724,142	)
Shareholders’ equity total – Balance January 1, 2021		50,842			(3,513	)		47,329