In a regulatory 8-k filing, Amyris stated that it has "entered into a credit agreement with Foris Ventures, an entity affiliated with director John Doerr of Kleiner Perkins, a current stockholder, and an owner of greater than 5% of the company's outstanding common stock, to make available to the company an unsecured credit facility in an aggregate principal amount of $8.0M." The company also updated on its previous warning about "financial reporting deficiencies", stating that on "April 5, 2019, the audit committee of the board, after consultation with management of the company and KPMG, determined that the company will restate its interim condensed consolidated financial statements for the quarterly and year-to-date periods ended March 31, 2018, June 30, 2018 and September 30, 2018." The company determined "during the preparation and audit of its consolidated financial statements for FY18, that a material error was made related to the estimates for recognizing revenue for royalty payments between the company and DSM. The company anticipates that the restatement for these material errors and certain other matters will include a reduction in revenue and an increase in net loss as follows: approximately $4M and $4M, respectively, for the fiscal quarter ended March 31, 2018; approximately $8M and $8M , respectively, for the fiscal quarter ended June 30, 2018; approximately $1 million and $7 million, respectively, for the fiscal quarter ended September 30, 2018; approximately $12 million and $11 million, respectively, for the six months ended June 30, 2018; and approximately $13M and $18M , respectively, for the nine months ended September 30, 2018. The estimated impact to the financial statements of the errors could materially change based on further review and analysis of the Non-Reliance Periods, including the identification of additional material errors."
