Quarterly report pursuant to Section 13 or 15(d)

Revision of Previously Issued Financial Statements

v3.23.2
Revision of Previously Issued Financial Statements
6 Months Ended
Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]  
Revision of Previously Issued Financial Statements Revision of Previously Issued Financial StatementsAs discussed in Note 1, the Company identified errors in its calculation of the depreciation of tenant funded improvement assets at a number of its properties. A summary of the corrections to the impacted financial statement line items in the Company’s previously issued Consolidated Statements of Operations and Comprehensive Income, Consolidated Balance Sheets, Consolidated Statements of Cash Flows and Consolidated Statements of Equity for the years ended December 31, 2021, and December 31, 2022 included in previously filed Annual Reports on Form 10-K and Condensed Consolidated Statements of
Operations and Comprehensive Income, Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Cash Flows and the Stockholders’ Equity tables for periods presented below, which were presented in previously filed Quarterly Reports on Form 10-Q, is as follows:

Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended June 30, 2021 Six Months Ended June 30, 2021
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 14,191  $ (42) $ 14,149  $ 30,901  $ (1,084) $ 29,817 
Total operating expense before incentive fee waiver $ 25,003  $ (42) $ 24,961  $ 51,905  $ (1,084) $ 50,821 
Total operating expenses $ 24,987  $ (42) $ 24,945  $ 51,889  $ (1,084) $ 50,805 
Net income $ 2,121  $ 42  $ 2,163  $ 2,160  $ 1,084  $ 3,244 
Net income available to the Company $ 2,142  $ 42  $ 2,184  $ 2,223  $ 1,084  $ 3,307 
Net loss attributable to common stockholders $ (3,032) $ 42  $ (2,990) $ (5,985) $ 1,084  $ (4,901)
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.08) $ —  $ (0.08) $ (0.17) $ 0.03  $ (0.14)
Comprehensive income
Net income $ 2,121  $ 42  $ 2,163  $ 2,160  $ 1,084  $ 3,244 
Total comprehensive income available to the Company $ 1,422  $ 42  $ 1,464  $ 3,927  $ 1,084  $ 5,011 

Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 14,760  $ (39) $ 14,721  $ 45,661  $ (1,123) $ 44,538 
Total operating expense before incentive fee waiver $ 25,498  $ (39) $ 25,459  $ 77,404  $ (1,123) $ 76,281 
Total operating expenses $ 25,498  $ (39) $ 25,459  $ 77,388  $ (1,123) $ 76,265 
Net income $ 4,498  $ 39  $ 4,537  $ 6,657  $ 1,123  $ 7,780 
Net income available to the Company $ 4,477  $ 39  $ 4,516  $ 6,699  $ 1,123  $ 7,822 
Net income (loss) available (attributable) to common stockholders $ 1,439  $ 39  $ 1,478  $ (4,547) $ 1,123  $ (3,424)
Earnings (loss) per weighted average share of common stock - basic & diluted
Income (loss) available (attributable) to common shareholders $ 0.04  $ —  $ 0.04  $ (0.13) $ 0.03  $ (0.10)
Comprehensive income
Net income $ 4,498  $ 39  $ 4,537  $ 6,657  $ 1,123  $ 7,780 
Total comprehensive income available to the Company $ 4,898  $ 39  $ 4,937  $ 8,824  $ 1,123  $ 9,947 
Consolidated Statements of Operations and Comprehensive Income
Year Ended December 31, 2021
As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 60,311  $ (1,162) $ 59,149 
Total operating expense before incentive fee waiver $ 102,816  $ (1,162) $ 101,654 
Total operating expenses $ 102,800  $ (1,162) $ 101,638 
Net income $ 9,733  $ 1,162  $ 10,895 
Net income available to the Company $ 9,773  $ 1,162  $ 10,935 
Net loss attributable to common stockholders $ (4,554) $ 1,162  $ (3,392)
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.12) $ 0.03  $ (0.09)
Comprehensive income
Net income $ 9,733  $ 1,162  $ 10,895 
Total comprehensive income available to the Company $ 12,627  $ 1,162  $ 13,789 

Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended March 31, 2022
As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 14,689  $ (51) $ 14,638 
Total operating expenses $ 25,658  $ (51) $ 25,607 
Net income $ 3,391  $ 51  $ 3,442 
Net income available to the Company $ 3,389  $ 51  $ 3,440 
Net income available to common stockholders $ 322  $ 51  $ 373 
Earnings per weighted average share of common stock - basic & diluted
Income available to common shareholders $ 0.01  $ —  $ 0.01 
Comprehensive income
Net income $ 3,391  $ 51  $ 3,442 
Total comprehensive income available to the Company $ 7,656  $ 51  $ 7,707 

Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended June 30, 2022 Six Months Ended June 30, 2022
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 15,219  $ (52) $ 15,167  $ 29,907  $ (103) $ 29,804 
Total operating expense before incentive fee waiver $ 27,825  $ (52) $ 27,773  $ 53,482  $ (103) $ 53,379 
Total operating expenses $ 27,825  $ (52) $ 27,773  $ 53,482  $ (103) $ 53,379 
Net income $ 1,572  $ 52  $ 1,624  $ 4,965  $ 103  $ 5,068 
Net income available to the Company $ 1,582  $ 52  $ 1,634  $ 4,973  $ 103  $ 5,076 
Net loss attributable to common stockholders $ (1,499) $ 52  $ (1,447) $ (1,175) $ 103  $ (1,072)
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.04) $ —  $ (0.04) $ (0.03) $ —  $ (0.03)
Comprehensive income
Net income $ 1,572  $ 52  $ 1,624  $ 4,965  $ 103  $ 5,068 
Total comprehensive income available to the Company $ 4,185  $ 52  $ 4,237  $ 11,843  $ 103  $ 11,946 
Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 15,764  $ (290) $ 15,474  $ 45,672  $ (393) $ 45,279 
Total operating expense before incentive fee waiver $ 37,448  $ (290) $ 37,158  $ 90,932  $ (393) $ 90,539 
Total operating expenses $ 37,448  $ (290) $ 37,158  $ 90,932  $ (393) $ 90,539 
Net income $ 2,497  $ 290  $ 2,787  $ 7,459  $ 393  $ 7,852 
Net income available to the Company $ 2,501  $ 290  $ 2,791  $ 7,471  $ 393  $ 7,864 
Net loss attributable to common stockholders $ (600) $ 290  $ (310) $ (1,778) $ 393  $ (1,385)
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.02) $ 0.01  $ (0.01) $ (0.05) $ 0.01  $ (0.04)
Comprehensive income
Net income $ 2,497  $ 290  $ 2,787  $ 7,459  $ 393  $ 7,852 
Total comprehensive income available to the Company $ 9,291  $ 290  $ 9,581  $ 21,131  $ 393  $ 21,524 

Consolidated Statements of Operations and Comprehensive Income
Year Ended December 31, 2022
As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 61,664  $ (1,510) $ 60,154 
Total operating expense before incentive fee waiver $ 117,758  $ (1,510) $ 116,248 
Total operating expenses $ 117,758  $ (1,510) $ 116,248 
Net income $ 9,272  $ 1,510  $ 10,782 
Net income available to the Company $ 9,295  $ 1,510  $ 10,805 
Net loss attributable to common stockholders $ (3,039) $ 1,510  $ (1,529)
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.08) $ 0.04  $ (0.04)
Comprehensive income
Net income $ 9,272  $ 1,510  $ 10,782 
Total comprehensive income available to the Company $ 21,410  $ 1,510  $ 22,920 

Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended March 31, 2023
As Previously Reported Adjustments As Revised
Operating expenses
Depreciation and amortization $ 15,474  $ (770) $ 14,704 
Total operating expenses $ 25,434  $ (770) $ 24,664 
Net income $ 2,397  $ 770  $ 3,167 
Net income available to the Company $ 2,404  $ 770  $ 3,174 
Net loss attributable to common stockholders $ (729) $ 770  $ 41 
Loss per weighted average share of common stock - basic & diluted
Loss attributable to common shareholders $ (0.02) $ 0.02  $ — 
Comprehensive income
Net income $ 2,397  $ 770  $ 3,167 
Total comprehensive loss attributable to the Company $ (3,491) $ 770  $ (2,721)
Condensed Consolidated Balance Sheets
As of June 30, 2021
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 249,797  $ 464  $ 250,261 
Total real estate, net $ 902,505  $ (464) $ 902,041 
TOTAL ASSETS $ 1,089,224  $ (464) $ 1,088,760 
EQUITY
Distributions in excess of accumulated earnings $ (442,122) $ (464) $ (442,586)
TOTAL STOCKHOLDERS' EQUITY $ 203,386  $ (464) $ 202,922 
TOTAL EQUITY $ 204,724  $ (464) $ 204,260 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,089,224  $ (464) $ 1,088,760 

Condensed Consolidated Balance Sheets
As of September 30, 2021
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 257,050  $ 425  $ 257,475 
Total real estate, net $ 915,498  $ (425) $ 915,073 
TOTAL ASSETS $ 1,104,794  $ (425) $ 1,104,369 
EQUITY
Distributions in excess of accumulated earnings $ (454,494) $ (425) $ (454,919)
TOTAL STOCKHOLDERS' EQUITY $ 200,259  $ (425) $ 199,834 
TOTAL EQUITY $ 201,542  $ (425) $ 201,117 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,104,794  $ (425) $ 1,104,369 

Consolidated Balance Sheets
As of December 31, 2021
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 266,672  $ 385  $ 267,057 
Total real estate, net $ 958,586  $ (385) $ 958,201 
TOTAL ASSETS $ 1,143,352  $ (385) $ 1,142,967 
EQUITY
Distributions in excess of accumulated earnings $ (468,523) $ (385) $ (468,908)
TOTAL STOCKHOLDERS' EQUITY $ 201,303  $ (385) $ 200,918 
TOTAL EQUITY $ 202,562  $ (385) $ 202,177 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,143,352  $ (385) $ 1,142,967 

Condensed Consolidated Balance Sheets
As of March 31, 2022
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 276,612  $ 334  $ 276,946 
Total real estate, net $ 964,316  $ (334) $ 963,982 
TOTAL ASSETS $ 1,154,409  $ (334) $ 1,154,075 
EQUITY
Distributions in excess of accumulated earnings $ (482,493) $ (334) $ (482,827)
TOTAL STOCKHOLDERS' EQUITY $ 213,262  $ (334) $ 212,928 
TOTAL EQUITY $ 214,570  $ (334) $ 214,236 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,154,409  $ (334) $ 1,154,075 
Condensed Consolidated Balance Sheets
As of June 30, 2022
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 279,331  $ 282  $ 279,613 
Total real estate, net $ 981,091  $ (282) $ 980,809 
TOTAL ASSETS $ 1,193,389  $ (282) $ 1,193,107 
EQUITY
Distributions in excess of accumulated earnings $ (498,574) $ (282) $ (498,856)
TOTAL STOCKHOLDERS' EQUITY $ 212,620  $ (282) $ 212,338 
TOTAL EQUITY $ 213,895  $ (282) $ 213,613 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,193,389  $ (282) $ 1,193,107 

Condensed Consolidated Balance Sheets
As of September 30, 2022
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 284,802  $ (7) $ 284,795 
Total real estate, net $ 994,653  $ $ 994,660 
TOTAL ASSETS $ 1,209,668  $ $ 1,209,675 
EQUITY
Distributions in excess of accumulated earnings $ (514,057) $ $ (514,050)
TOTAL STOCKHOLDERS' EQUITY $ 215,448  $ $ 215,455 
TOTAL EQUITY $ 217,386  $ $ 217,393 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,209,668  $ $ 1,209,675 

Consolidated Balance Sheets
As of December 31, 2022
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 286,994  $ (844) $ 286,150 
Total real estate, net $ 1,000,303  $ 844  $ 1,001,147 
Real estate and related assets held for sale $ 3,013  $ 280  $ 3,293 
TOTAL ASSETS $ 1,201,509  $ 1,124  $ 1,202,633 
EQUITY
Distributions in excess of accumulated earnings $ (530,228) $ 1,124  $ (529,104)
TOTAL STOCKHOLDERS' EQUITY $ 202,780  $ 1,124  $ 203,904 
TOTAL EQUITY $ 204,570  $ 1,124  $ 205,694 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,201,509  $ 1,124  $ 1,202,633 

Condensed Consolidated Balance Sheets
As of March 31, 2023
As Previously Reported Adjustments As Revised
ASSETS
Less: accumulated depreciation $ 294,773  $ (644) $ 294,129 
Total real estate, net $ 990,766  $ 644  $ 991,410 
Real estate and related assets held for sale $ 4,722  $ 1,251  $ 5,973 
TOTAL ASSETS $ 1,186,583  $ 1,895  $ 1,188,478 
EQUITY
Distributions in excess of accumulated earnings $ (542,937) $ 1,895  $ (541,042)
TOTAL STOCKHOLDERS' EQUITY $ 188,987  $ 1,895  $ 190,882 
TOTAL EQUITY $ 190,628  $ 1,895  $ 192,523 
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY $ 1,186,583  $ 1,895  $ 1,188,478 
Stockholders’ Equity
Three Months Ended June 30, 2021 Six Months Ended June 30, 2021
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (425,422) $ (506) $ (425,928) $ (409,041) $ (1,548) $ (410,589)
Net income attributable to the Company 2,142  42  2,184  2,223  1,084  3,307 
Balance, end of period $ (442,122) $ (464) $ (442,586) $ (442,122) $ (464) $ (442,586)
Total Stockholders' Equity
Balance, beginning of period $ 211,747  $ (506) $ 211,241  $ 213,183  $ (1,548) $ 211,635 
Net income attributable to the Company 2,142  42  2,184  2,223  1,084  3,307 
Balance, end of period $ 203,386  $ (464) $ 202,922  $ 203,386  $ (464) $ 202,922 
Total Equity $ 204,724  $ (464) $ 204,260  $ 204,724  $ (464) $ 204,260 

Stockholders’ Equity
Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (442,122) $ (464) $ (442,586) $ (409,041) $ (1,548) $ (410,589)
Net income attributable to the Company 4,477  39  4,516  6,699  1,123  7,822 
Balance, end of period $ (454,494) $ (425) $ (454,919) $ (454,494) $ (425) $ (454,919)
Total Stockholders' Equity
Balance, beginning of period $ 203,386  $ (464) $ 202,922  $ 213,183  $ (1,548) $ 211,635 
Net income attributable to the Company 4,477  39  4,516  6,699  1,123  7,822 
Balance, end of period $ 200,259  $ (425) $ 199,834  $ 200,259  $ (425) $ 199,834 
Total Equity $ 201,542  $ (425) $ 201,117  $ 201,542  $ (425) $ 201,117 

Consolidated Statements of Equity
As of December 31, 2021
Distributions in Excess of Accumulated Earnings Total Stockholders' Equity Total Equity
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Balance at December 31, 2020 $ (409,041) $ (1,548) $ (410,589) $ 213,183  $ (1,548) $ 211,635  $ 216,037  $ (1,548) $ 214,489 
Net income 9,773  1,162  10,935  9,773  1,162  10,935  9,733  1,162  10,895 
Balance at December 31, 2021 $ (468,523) $ (385) $ (468,908) $ 201,303  $ (385) $ 200,918  $ 202,562  $ (385) $ 202,177 

Stockholders’ Equity
Three Months Ended March 31, 2022
As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (468,523) $ (385) $ (468,908)
Net income attributable to the Company 3,389  51  3,440 
Balance, end of period $ (482,493) $ (334) $ (482,827)
Total Stockholders' Equity
Balance, beginning of period $ 201,303  $ (385) $ 200,918 
Net income attributable to the Company 3,389  51  3,440 
Balance, end of period $ 213,262  $ (334) $ 212,928 
Total Equity $ 214,570  $ (334) $ 214,236 
Stockholders’ Equity
Three Months Ended June 30, 2022 Six Months Ended June 30, 2022
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (482,493) $ (334) $ (482,827) $ (468,523) $ (385) $ (468,908)
Net income attributable to the Company 1,582  52  1,634  4,973  103  5,076 
Balance, end of period $ (498,574) $ (282) $ (498,856) $ (498,574) $ (282) $ (498,856)
Total Stockholders' Equity
Balance, beginning of period $ 213,262  $ (334) $ 212,928  $ 201,303  $ (385) $ 200,918 
Net income attributable to the Company 1,582  52  1,634  4,973  103  5,076 
Balance, end of period $ 212,620  $ (282) $ 212,338  $ 212,620  $ (282) $ 212,338 
Total Equity $ 213,895  $ (282) $ 213,613  $ 213,895  $ (282) $ 213,613 

Stockholders’ Equity
Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (498,574) $ (282) $ (498,856) $ (468,523) $ (385) $ (468,908)
Net income attributable to the Company 2,501  290  2,791  7,471  393  7,864 
Balance, end of period $ (514,057) $ $ (514,050) $ (514,057) $ $ (514,050)
Total Stockholders' Equity
Balance, beginning of period $ 212,620  $ (282) $ 212,338  $ 201,303  $ (385) $ 200,918 
Net income attributable to the Company 2,501  290  2,791  7,471  393  7,864 
Balance, end of period $ 215,448  $ $ 215,455  $ 215,448  $ $ 215,455 
Total Equity $ 217,386  $ $ 217,393  $ 217,386  $ $ 217,393 

Consolidated Statements of Equity
As of December 31, 2022
Distributions in Excess of Accumulated Earnings Total Stockholders' Equity Total Equity
As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised
Balance at December 31, 2021 $ (468,523) $ (385) $ (468,908) $ 201,303  $ (385) $ 200,918  $ 202,562  $ (385) $ 202,177 
Net income 9,295  1,510  10,805  9,295  1,510  10,805  9,272  1,510  10,782 
Balance at December 31, 2022 $ (530,228) $ 1,124  $ (529,104) $ 202,780  $ 1,124  $ 203,904  $ 204,570  $ 1,124  $ 205,694 

Stockholders’ Equity
Three Months Ended March 31, 2023
As Previously Reported Adjustments As Revised
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (530,228) $ 1,124  $ (529,104)
Net income attributable to the Company 2,404  770  3,174 
Balance, end of period $ (542,937) $ 1,895  $ (541,042)
Total Stockholders' Equity
Balance, beginning of period $ 202,780  $ 1,124  $ 203,904 
Net income attributable to the Company 2,404  770  3,174 
Balance, end of period $ 188,987  $ 1,895  $ 190,882 
Total Equity $ 190,628  $ 1,895  $ 192,523 
Condensed Consolidated Statements of Cash Flows
Six Months Ended June 31, 2021
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 2,160  $ 1,084  $ 3,244 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 30,901  (1,084) 29,817 

Condensed Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2021
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 6,657  $ 1,123  $ 7,780 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 45,661  (1,123) 44,538 

Consolidated Statements of Cash Flows
Year Ended December 31, 2021
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 9,733  $ 1,162  $ 10,895 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 60,311  (1,162) 59,149 

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2022
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 3,391  $ 51  $ 3,442 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 14,689  (51) 14,638 

Condensed Consolidated Statements of Cash Flows
Six Months Ended June 31, 2022
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 4,965  $ 103  $ 5,068 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 29,907  (103) 29,804 

Condensed Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2022
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 7,459  $ 393  $ 7,852 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 45,672  (393) 45,279 
Consolidated Statements of Cash Flows
Year Ended December 31, 2022
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 9,272  $ 1,510  $ 10,782 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 61,664  (1,510) 60,154 

Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2023
As Previously Reported Adjustments As Revised
Cash flows from operating activities:
Net income $ 2,397  $ 770  $ 3,167 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 15,474  (770) 14,704