Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted income per common share

The Company’s net 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 income per common share is calculated as follows:

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 

 

    

2020

Net income

 

$

1,522,486

Less: Income attributable to common stock subject to possible redemption

 

 

(1,471,454)

Adjusted net income

 

$

51,032

 

 

 

 

Weighted average shares outstanding, basic and diluted

 

 

19,630,049

 

 

 

 

Basic and diluted net income per  common share

 

$
0.00