diff --git a/package-lock.json b/package-lock.json
index f1b4f48..12a0dce 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -43,11 +43,15 @@
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         "@commitlint/config-angular": "13.2.0",
+<<<<<<< HEAD
 <<<<<<< HEAD
         "@edx/reactifex": "2.1.1",
         "@edx/frontend-build": "^12.0.0",
 =======
         "@edx/frontend-build": "^12.0.2",
+=======
+        "@edx/frontend-build": "^12.0.3",
+>>>>>>> b5e0e9d (refactor: updated frontend-build to 12.0.3)
         "@edx/reactifex": "1.1.0",
 >>>>>>> 4fc2004 (refactor: updated frontend-build to v12.0.2)
         "codecov": "3.8.3",
@@ -128,9 +132,9 @@
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@@ -203,12 +207,12 @@
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+      "resolved": "https://registry.npmjs.org/@babel/helper-string-parser/-/helper-string-parser-7.18.10.tgz",
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-        "@babel/traverse": "^7.18.9",
-        "@babel/types": "^7.18.9"
+        "@babel/template": "^7.18.10",
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@@ -635,9 +648,9 @@
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+      "resolved": "https://registry.npmjs.org/@babel/parser/-/parser-7.18.13.tgz",
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-        "@babel/helper-remap-async-to-generator": "^7.18.6",
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@@ -1258,9 +1271,9 @@
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@@ -1529,9 +1542,9 @@
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@@ -1559,16 +1572,16 @@
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@@ -1716,13 +1729,13 @@
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@@ -1733,12 +1746,12 @@
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@@ -1938,33 +1951,33 @@
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-        "@babel/parser": "^7.18.6",
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@@ -20968,6 +20928,7 @@
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+<<<<<<< HEAD
 <<<<<<< HEAD
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       "resolved": "https://registry.npmjs.org/terser/-/terser-4.8.1.tgz",
@@ -20977,6 +20938,11 @@
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 >>>>>>> 6da0255 (refactor: upgraded frontend-build version to v12)
+=======
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+>>>>>>> b5e0e9d (refactor: updated frontend-build to 12.0.3)
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@@ -21737,6 +21704,16 @@
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@@ -23067,9 +23044,9 @@
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@@ -23248,6 +23225,12 @@
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@@ -23261,15 +23244,15 @@
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@@ -23347,9 +23330,9 @@
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@@ -23373,14 +23356,14 @@
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-        "@babel/helper-remap-async-to-generator": "^7.18.6",
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@@ -23926,9 +23909,9 @@
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@@ -23944,16 +23927,16 @@
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@@ -24041,23 +24024,23 @@
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@@ -24217,40 +24200,41 @@
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         "array-includes": "^3.1.5",
-        "object.assign": "^4.1.2"
+        "object.assign": "^4.1.3"
       }
     },
     "junk": {
@@ -34990,14 +34924,14 @@
       }
     },
     "object.assign": {
-      "version": "4.1.2",
-      "resolved": "https://registry.npmjs.org/object.assign/-/object.assign-4.1.2.tgz",
-      "integrity": "sha512-ixT2L5THXsApyiUPYKmW+2EHpXXe5Ii3M+f4e+aJFAHao5amFRW6J0OO6c/LU8Be47utCx2GL89hxGB6XSmKuQ==",
+      "version": "4.1.4",
+      "resolved": "https://registry.npmjs.org/object.assign/-/object.assign-4.1.4.tgz",
+      "integrity": "sha512-1mxKf0e58bvyjSCtKYY4sRe9itRk3PJpquJOjeIkz885CczcI4IvJJDLPS72oowuSh+pBxUFROpX+TU++hxhZQ==",
       "dev": true,
       "requires": {
-        "call-bind": "^1.0.0",
-        "define-properties": "^1.1.3",
-        "has-symbols": "^1.0.1",
+        "call-bind": "^1.0.2",
+        "define-properties": "^1.1.4",
+        "has-symbols": "^1.0.3",
         "object-keys": "^1.1.1"
       }
     },
@@ -35608,14 +35542,14 @@
       "peer": true
     },
     "portfinder": {
-      "version": "1.0.28",
-      "resolved": "https://registry.npmjs.org/portfinder/-/portfinder-1.0.28.tgz",
-      "integrity": "sha512-Se+2isanIcEqf2XMHjyUKskczxbPH7dQnlMjXX6+dybayyHvAf/TCgyMRlzf/B6QDhAEFOGes0pzRo3by4AbMA==",
+      "version": "1.0.32",
+      "resolved": "https://registry.npmjs.org/portfinder/-/portfinder-1.0.32.tgz",
+      "integrity": "sha512-on2ZJVVDXRADWE6jnQaX0ioEylzgBpQk8r55NE4wjXW1ZxO+BgDlY6DXwj20i0V8eB4SenDQ00WEaxfiIQPcxg==",
       "dev": true,
       "requires": {
-        "async": "^2.6.2",
-        "debug": "^3.1.1",
-        "mkdirp": "^0.5.5"
+        "async": "^2.6.4",
+        "debug": "^3.2.7",
+        "mkdirp": "^0.5.6"
       },
       "dependencies": {
         "debug": {
@@ -36150,6 +36084,12 @@
         "strict-uri-encode": "^1.0.0"
       }
     },
+    "querystringify": {
+      "version": "2.2.0",
+      "resolved": "https://registry.npmjs.org/querystringify/-/querystringify-2.2.0.tgz",
+      "integrity": "sha512-FIqgj2EUvTa7R50u0rGsyTftzjYmv/a3hO345bZNrqabNqjtgiDMgmo4mkUjd+nzU5oF3dClKqFIPUKybUyqoQ==",
+      "dev": true
+    },
     "queue-microtask": {
       "version": "1.2.3",
       "resolved": "https://registry.npmjs.org/queue-microtask/-/queue-microtask-1.2.3.tgz",
@@ -38980,6 +38920,7 @@
       }
     },
     "terser": {
+<<<<<<< HEAD
 <<<<<<< HEAD
       "version": "4.8.1",
       "resolved": "https://registry.npmjs.org/terser/-/terser-4.8.1.tgz",
@@ -38989,6 +38930,11 @@
       "resolved": "https://registry.npmjs.org/terser/-/terser-5.14.2.tgz",
       "integrity": "sha512-oL0rGeM/WFQCUd0y2QrWxYnq7tfSuKBiqTjRPWrRgB46WD/kiwHwF8T23z78H6Q6kGCuuHcPB+KULHRdxvVGQA==",
 >>>>>>> 6da0255 (refactor: upgraded frontend-build version to v12)
+=======
+      "version": "5.15.0",
+      "resolved": "https://registry.npmjs.org/terser/-/terser-5.15.0.tgz",
+      "integrity": "sha512-L1BJiXVmheAQQy+as0oF3Pwtlo4s3Wi1X2zNZ2NxOB4wx9bdS9Vk67XQENLFdLYGCK/Z2di53mTj/hBafR+dTA==",
+>>>>>>> b5e0e9d (refactor: updated frontend-build to 12.0.3)
       "dev": true,
       "requires": {
         "@jridgewell/source-map": "^0.3.2",
@@ -39012,16 +38958,16 @@
       }
     },
     "terser-webpack-plugin": {
-      "version": "5.3.3",
-      "resolved": "https://registry.npmjs.org/terser-webpack-plugin/-/terser-webpack-plugin-5.3.3.tgz",
-      "integrity": "sha512-Fx60G5HNYknNTNQnzQ1VePRuu89ZVYWfjRAeT5rITuCY/1b08s49e5kSQwHDirKZWuoKOBRFS98EUUoZ9kLEwQ==",
+      "version": "5.3.5",
+      "resolved": "https://registry.npmjs.org/terser-webpack-plugin/-/terser-webpack-plugin-5.3.5.tgz",
+      "integrity": "sha512-AOEDLDxD2zylUGf/wxHxklEkOe2/r+seuyOWujejFrIxHf11brA1/dWQNIgXa1c6/Wkxgu7zvv0JhOWfc2ELEA==",
       "dev": true,
       "requires": {
-        "@jridgewell/trace-mapping": "^0.3.7",
+        "@jridgewell/trace-mapping": "^0.3.14",
         "jest-worker": "^27.4.5",
         "schema-utils": "^3.1.1",
         "serialize-javascript": "^6.0.0",
-        "terser": "^5.7.2"
+        "terser": "^5.14.1"
       },
       "dependencies": {
         "jest-worker": {
@@ -39201,20 +39147,21 @@
       "dev": true
     },
     "tough-cookie": {
-      "version": "4.0.0",
-      "resolved": "https://registry.npmjs.org/tough-cookie/-/tough-cookie-4.0.0.tgz",
-      "integrity": "sha512-tHdtEpQCMrc1YLrMaqXXcj6AxhYi/xgit6mZu1+EDWUn+qhUf8wMQoFIy9NXuq23zAwtcB0t/MjACGR18pcRbg==",
+      "version": "4.1.0",
+      "resolved": "https://registry.npmjs.org/tough-cookie/-/tough-cookie-4.1.0.tgz",
+      "integrity": "sha512-IVX6AagLelGwl6F0E+hoRpXzuD192cZhAcmT7/eoLr0PnsB1wv2E5c+A2O+V8xth9FlL2p0OstFsWn0bZpVn4w==",
       "dev": true,
       "requires": {
         "psl": "^1.1.33",
         "punycode": "^2.1.1",
-        "universalify": "^0.1.2"
+        "universalify": "^0.2.0",
+        "url-parse": "^1.5.3"
       },
       "dependencies": {
         "universalify": {
-          "version": "0.1.2",
-          "resolved": "https://registry.npmjs.org/universalify/-/universalify-0.1.2.tgz",
-          "integrity": "sha512-rBJeI5CXAlmy1pV+617WB9J63U6XcazHHF2f2dbJix4XzpUF0RS3Zbj0FGIOCAva5P/d/GBOYaACQ1w+0azUkg==",
+          "version": "0.2.0",
+          "resolved": "https://registry.npmjs.org/universalify/-/universalify-0.2.0.tgz",
+          "integrity": "sha512-CJ1QgKmNg3CwvAv/kOFmtnEN05f0D/cn9QntgNOQlQF9dgvVTHj3t+8JPdjqawCHk7V/KA+fbUqzZ9XWhcqPUg==",
           "dev": true
         }
       }
@@ -39562,6 +39509,16 @@
         "schema-utils": "^3.0.0"
       }
     },
+    "url-parse": {
+      "version": "1.5.10",
+      "resolved": "https://registry.npmjs.org/url-parse/-/url-parse-1.5.10.tgz",
+      "integrity": "sha512-WypcfiRhfeUP9vvF0j6rw0J3hrWrw6iZv3+22h6iRMJ/8z1Tj6XfLP4DsUix5MhMPnXpiHDoKyoZ/bdCkwBCiQ==",
+      "dev": true,
+      "requires": {
+        "querystringify": "^2.1.1",
+        "requires-port": "^1.0.0"
+      }
+    },
     "url-parse-lax": {
       "version": "1.0.0",
       "resolved": "https://registry.npmjs.org/url-parse-lax/-/url-parse-lax-1.0.0.tgz",
diff --git a/package.json b/package.json
index f70e730..fb17843 100644
--- a/package.json
+++ b/package.json
@@ -63,7 +63,7 @@
   "devDependencies": {
     "@commitlint/cli": "13.2.1",
     "@commitlint/config-angular": "13.2.0",
-    "@edx/frontend-build": "^12.0.2",
+    "@edx/frontend-build": "^12.0.3",
     "@edx/reactifex": "1.1.0",
     "codecov": "3.8.3",
     "enzyme": "3.11.0",