Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted loss per common share

The Company’s net (loss) income is adjusted for the portion of income that is attributable to common stock subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per common share is calculated as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

 

 

 

 

 

 

 

from April 11,

 

 

 

 

 

 

 

 

 

 

 

2019 (Inception)

 

 

Three Months Ended

 

Nine Months Ended

 

Through

 

 

September 30, 

 

September 30, 

 

September 30, 

 

    

2020

    

2019

    

2020

    

2019

Net (loss) income

 

$

(92,949)

 

$

2,507,354

 

$

1,303,184

 

$

2,506,354

Less: Income attributable to common stock subject to possible redemption

 

 

 

 

(2,489,595)

 

 

(1,612,947)

 

 

(2,489,595)

Adjusted net loss

 

$

(92,949)

 

$

17,759

 

$

(309,763)

 

$

16,759

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic and diluted

 

 

19,665,085

 

 

19,549,981

 

 

19,647,636

 

 

17,433,711

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common share

 

$

 —

 

$

 —

 

$

(0.02)

 

$

 —