Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 906,994 $ 1,412,901
Prepaid and other expenses 327,178 217,566
Total current assets 1,234,172 1,630,467
Investments held in Trust Account 173,197,766 172,738,705
Total assets 174,431,938 174,369,172
Current liabilities:    
Accounts payable 58,858 27,750
Accrued expenses 2,849,250 26,711
Franchise tax payable 99,370 83,836
Income tax payable 32,523
Total current liabilities 3,007,478 170,820
Deferred underwriting commissions 6,037,500 6,037,500
Total liabilities 9,044,978 6,208,320
Commitments and Contingencies
Class A common stock, $0.0001 par value; 16,038,695 and 16,316,085 shares subject to possible redemption at $10.00 per share at September 30, 2020 and December 31, 2019, respectively 160,386,950 163,160,850
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 1,211,305 and 933,915 shares issued and outstanding (excluding 16,038,695 and 16,316,085 shares subject to possible redemption) at September 30, 2020 and December 31, 2019, respectively 121 93
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 4,312,500 shares issued and outstanding 431 431
Additional paid-in capital 7,741,240 4,967,368
Retained earnings (Accumulated deficit) (2,741,782) 32,110
Total stockholders’ equity 5,000,010 5,000,002
Total liabilities and stockholders’ equity $ 174,431,938 $ 174,369,172