XML 40 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2019
Operating expenses        
Formation and operating costs $ 114,179 $ 1,177 $ 3,777 $ 351,396
Franchise tax expense 50,000 0 0 207,540
Loss from operations (164,179) (1,177) (3,777) (558,936)
Other Income - dividends and interest 1,179,253 0 0 3,710,334
Income before provision for income tax 1,015,074 (1,177) (3,777) 3,151,398
Provision for income tax (199,916) 0 0 (703,055)
Net income/(loss) $ 815,158 $ (1,177) $ (3,777) $ 2,448,343
Weighted average number of common shares outstanding, basic and diluted (in shares) [1],[2] 6,699,373 5,000,000 5,000,000 6,695,791
Basic and diluted net loss per share (in dollars per share) [3] $ (0.01) $ 0 $ 0 $ (0.04)
[1] Excludes an aggregate of 20,866,262 shares subject to possible redemption as of September 30, 2019.
[2] Excludes an aggregate of up to 750,000 shares subject to forfeiture as of September 30, 2018 if the over-allotment option was not exercised in full or in part by the underwriters.
[3] Excludes income of $879,363 and $2,703,586 attributable to common stock subject to possible redemption for the Three and Nine Months Ended September 30, 2019, respectively (see Note 2).