ALPP

TLDR Summary:

The changes shown in ALPP's 10Q/A are minimal and substantially all relate to "flow through effects" from the Balance Sheet adjustments made on the 2021 10K/A as summarized in my previous post.

In other words, the changes made to Assets and Liabilities related to the 5 acquisitions ALPP made in 2021, have effects that just "carry through" quarter to quarter. So in most cases it's not something "new" that has changed. Rather it's just the effects of the same changes we discussed on the 10K/A carrying through.

The change to Net Income for the 6 months ended Q2 was $(0.3M).

Detail Analysis:

There are 5 items that impact the $(0.3M) change to Net Income.

Item 1: ($0.1M) related to increased amortization of intangible assets, primarily at RCA.

If you recall my previous post, the changes made for the RCA acquisition related to reclassing of amounts between Inventory, Intangible Assets and Goodwill. Intangible Assets are subject to amortization. A change in the acquired valuation of RCA intangible assets, results in a change to amortization in the subsequent accounting periods. This change is therefore a "carry through effect."

Item 2: $(0.4M) related to increased Cost of Goods Sold at RCA.

Exact same situation as noted in Item 1. Inventory is what turns into Cost of Goods Sold (i.e. when the inventory is sold to a customer). Because the valuation of RCA acquired inventory changed, the resulting Cost of Goods Sold in subsequent accounting periods changes. This change is therefore a "carry through effect."