Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 158,966 $ 161,405
Prepaid expenses 47,937 304,077
Total current assets 206,903 465,482
Marketable securities held in Trust Account 141,249,220 162,019,909
Total assets 141,456,123 162,485,391
Current liabilities:    
Accounts payable 451,652 121,516
Accrued expenses 16,000 30,610
Note payable - related parties 1,500,000 750,000
Franchise tax payable 20,050 40,000
Income tax payable 122,229 0
Total current liabilities 2,109,931 942,126
Deferred tax liability   128,105
Deferred underwriting commissions 5,433,750 5,433,750
Total liabilities 7,543,681 6,503,981
Class A common stock, $0.0001 par value; 12,265,693 and 14,461,820 shares subject to possible redemption at  $10.51 and $10.44 per share at June 30, 2020 and December 31, 2019, respectively 128,912,433 150,981,401
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2020 and December 31, 2019, respectively
Additional paid-in capital 2,957,330 2,757,412
Retained earnings 2,042,174 2,242,103
Total stockholders' equity 5,000,009 5,000,009
Total Liabilities and Stockholders' Equity 141,456,123 162,485,391
Common Stock Class A    
Stockholders' Equity:    
Common stock value 117 106
Total stockholders' equity 117 106
Common Stock Class B    
Stockholders' Equity:    
Common stock value 388 388
Total stockholders' equity $ 388 $ 388