Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 385,760 $ 161,405
Prepaid expenses 86,004 304,077
Total current assets 471,764 465,482
Marketable securities held in Trust Account 162,618,769 162,019,909
Total assets 163,090,533 162,485,391
Current liabilities:    
Accounts payable 366,872 121,516
Accrued expenses 35,000 30,610
Note payable - related parties 1,180,000 750,000
Franchise tax payable 50,050 40,000
Total current liabilities 1,631,922 942,126
Deferred tax liability 20,703 128,105
Deferred underwriting commissions 5,433,750 5,433,750
Total liabilities 7,086,375 6,503,981
Class A common stock, $0.0001 par value; 14,422,555 and 14,461,820 shares subject to possible redemption at $10.47 and $10.44 per share at March 31, 2020 and December 31, 2019, respectively 151,004,151 150,981,401
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2020 and December 31, 2019, respectively
Additional paid-in capital 2,734,658 2,757,412
Retained earnings 2,264,851 2,242,103
Total stockholders' equity 5,000,007 5,000,009
Total Liabilities and Stockholders' Equity 163,090,533 162,485,391
Common Stock Class A    
Stockholders' Equity:    
Common stock value 110 106
Total stockholders' equity 110 106
Common Stock Class B    
Stockholders' Equity:    
Common stock value 388 388
Total stockholders' equity $ 388 $ 388