Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.19.3
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Operating costs $ 157,429 $ 204,577 $ 571,946 $ 410,348
Loss from operations (157,429) (204,577) (571,946) (410,348)
Other income:        
Interest income 621,666 579,320 2,010,319 1,194,133
Unrealized (loss) gain on marketable securities held in Trust Account (13,259) (24,688) 5,704 (17,082)
Other income 608,407 554,632 2,016,023 1,177,051
Income before provision for income taxes 450,978 350,055 1,444,077 766,703
Provision for income taxes (114,278) (73,512) (442,827) (161,008)
Net income $ 336,700 $ 276,543 $ 1,001,250 $ 605,695
Weighted average shares outstanding, basic and diluted [1] 3,800,351 3,765,243 3,796,787 3,408,666
Basic and diluted net loss per common share [2] $ (0.02) $ (0.04) $ (0.09) $ (0.07)
[1] Excludes an aggregate of 8,693,122 and 11,051,301 shares subject to redemption at September 30, 2019 and 2018, respectively.
[2] Net loss per share - basic and diluted excludes income attributable to common stock subject to redemption of $418,858 and $414,306 for the three months ended September 30, 2019 and 2018, respectively, and $1,342,216 and $832,267 for the nine months ended September 30, 2019 and 2018, respectively (see Note 3).