You have options available, retain a criminal defense attorney to help you through this as an offense on your record can have long lasting negative effects.
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When you receive the court papers in the mail, plead not guilty and ask for a hearing. Then retain an experienced criminal defense attorney. The attorney will explore all options for you to avoid a conviction. Good luck.
The penal consequences won't be severe. At most maybe probation and a fine. But the collateral consequences could be more severe, like employment consequences. Get an attorney and fight the charges. (by the way theft is not an "honest" mistake. If you did it, its a crime.)
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