Agrify Corporation restated Net income (loss) attributable Net income (loss) attributable to the company for the Quarter Ended March 31, 2022, Quarter Ended June 30, 2022, and Quarter Ended September 30, 2022. For the Quarter Ended March 31, 2022, Net loss attributable to Agrify, as originally reported was USD 8,882 compared to as restated to net income of USD 1,780.

For the Quarter Ended June 30, 2022, Net loss attributable to the company, as originally reported was USD 93,401 compared to as restated, net loss attributable to the company of USD 74,604.

For the Quarter Ended September 30, 2022, Net loss attributable to the company, as originally reported was USD 46,268 compared to as restated, net loss attributable to the company of USD 57,413.

The Restatements primarily relate to warrants issued in January 2022 and March 2022 that were reclassified as liabilities rather than as equity, which requires the warrants to be remeasured each reporting period to present them at fair value. As previously announced, the Company also completed a 20 to 1 reverse stock split in July 2023, which is reflected in the restated Forms 10-Q on a retroactive basis.