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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating expenses    
Operating costs $ 116,925 $ 133,847
Franchise tax expense 58,794 107,290
Loss from operations (175,719) (241,137)
Other Income - dividends and interest 695,730 1,260,391
Income before provision for income tax 520,011 1,019,254
Provision for income tax (154,776) (229,000)
Net income $ 365,235 $ 790,254
Weighted average number of common shares outstanding, basic and diluted (in shares) [1] 6,718,698 6,695,829
Basic and diluted net loss per share (in dollars per share) [2] $ (0.01) $ (0.01)
[1] Excludes an aggregate of 20,841,382 and 20,864,892 shares subject to possible redemption as of March 31, 2020 and 2019, respectively.
[2] Excludes income of $455,689 and $874,163 attributable to common stock subject to possible redemption for the Three Months Ended March 31, 2020 and 2019, respectively (see Note 2).