Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Operating costs $ 501,332 $ 433,962 $ 1,007,848 $ 671,133
Loss from operations (501,332) (433,962) (1,007,848) (671,133)
Other income:        
Interest income 273,190 1,811,455 1,083,575 2,002,063
Unrealized gain on marketable securities held in Trust Account 196,280 202,788
Other income 273,190 2,007,735 1,083,575 2,204,851
(Loss) income before benefit from (provision for) income taxes (228,142) 1,573,773 75,727 1,533,718
Benefit from (provision for) income taxes 47,910 (320,714) (16,243) (322,080)
Net (loss) income $ (180,232) $ 1,253,059 $ 59,484 $ 1,211,638
Weighted average shares outstanding, basic and diluted [1] 9,052,399 8,881,762 9,033,344 7,804,138
Basic and diluted net loss per common share [2] $ (0.05) $ (0.03) $ (0.09) $ (0.06)
[1] Excludes an aggregate of 28,423,164 and 28,664,418 shares subject to possible redemption at June 30, 2020 and 2019, respectively.
[2] Net loss per common share - basic and diluted excludes interest income of $256,732 and $1,563,355 attributable to common stock subject to possible redemption for the three months ended June 30, 2020 and 2019, respectively, and $916,063 and $1,702,546 attributable to common stock subject to possible redemption for the six months ended June 30, 2020 and 2019, respectively, (see Note 2).