Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.20.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Operating costs $ 840,321 $ 553,546
Loss from operations (840,321) (553,546)
Other income:    
Interest income 2,409,408 1,871,405
Unrealized gain (loss) on marketable securities held in Trust Account 8,776 (19,398)
Other income, net 2,418,184 1,852,007
Income before provision for income taxes 1,577,863 1,298,461
Provision for income taxes (416,099) (276,750)
Net income $ 1,161,764 $ 1,021,711
Weighted average shares outstanding, basic and diluted [1] 3,808,719 3,499,414
Basic and diluted net loss per common share [2] $ (0.13) $ (0.17)
[1] Excludes an aggregate of up to 8,363,100 and 11,030,442 shares subject to possible redemption at December 31, 2019 and 2018, respectively.
[2] Net loss per share - basic and diluted excludes income attributable to common stock subject to possible redemption of $1,675,083 and $1,607,478 for the year ended December 31, 2019 and 2018, respectively.