According to my calculations, Time should now have a vault of 399 cards.
We finished last round with 456 cards.
Two normal wins (+6*2), one substitute sub (+3) and one non-substitute sub (+0) gives +15 total.
5 losses results in -60 cards.
The battle between edunavas and Xuru in the first round has been announced a loss, so instead of 6 salvaged cards we have to discard 6 cards (a total change of -12 cards).
456+12+3+0-60-12=399
Or, if we try to calculate everything from the beginning, counting edunavas vs. Xuru as a loss:
Auction costs:
500 - 68 = 432
Round 1:
2 times normal 2-0 win, 1 time substitute 2-0 win, 1 normal 2-1 win:
432 + 2*9 + 6 + 6 = 462
5 losses (including edunavas vs. Xuru)
462 - 5*6 = 432
24 card propaganda bonus and 12 card penalty for Immolation and edunavas using illegal decks
432 + 24 - 12 = 444
Round 2
2 normal wins, 1 substitute sub win, 1 non-substitute win:
444 + 2*6 + 3 = 459
5 losses:
459 - 5*12 = 399
So, both ways I get the same result. It would seem the round 1 modifier should be 18 instead of 21 for the Standings Google Doc to show the correct numbers. (18 = 24 bonus + 9 for three 2-0 wins -3 for one substitute win -12 penalties)