Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted income 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

 

Three Months Ended

 

Through

 

 

June 30, 

 

June 30, 

 

June 30, 

 

    

2020

    

2020

    

2019

Net (loss) income

 

$

(126,353)

 

$

1,396,133

 

$

(1,000)

Less: Income attributable to common stock subject to possible redemption

 

 

 —

 

 

(1,518,890)

 

 

 —

Adjusted net loss

 

$

(126,353)

 

$

(122,757)

 

$

(1,000)

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic and diluted

 

 

19,647,583

 

 

19,638,816

 

 

15,000,000

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common share

 

$

(0.01)

 

$

(0.01)

 

$

(0.00)