Note 6—Selected Quarterly Financial Data (unaudited)

Following are the Company’s unaudited quarterly statements of operations for 2019, 2018 and 2017. The Company has prepared the quarterly data on a consistent basis with the audited financial statements included elsewhere in this Annual Report and, in the opinion of management, the financial information reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of operations for these periods. This information should be read in conjunction with the audited financial statements and related notes included elsewhere in this Annual Report. These quarterly operating results are not necessarily indicative of the Company’s operating results for any future period.


	1st	2nd	3rd	4th
2019	Quarter	Quarter	Quarter	Quarter
General and administrative expenses	448,988	433,713	850,575	6,009,726
Net income (loss)	2,694,579	2,747,555	2,123,979	(3,176,317)
Basic and diluted earnings (loss) available to Class A common stock	0.03	0.03	0.02	(0.04)
Basic and diluted earnings (loss) available to Class B common stock	0.03	0.03	0.02	(0.04)


	1st		2nd		3rd		4th
2018	Quarter		Quarter		Quarter		Quarter
General and administrative expenses	$	788	$	122,900	$	252,407	$	660,801
Net income (loss)	$	(596)	$	386,382	$	2,296,093	$	2,348,869
Basic and diluted earnings (loss) available to Class A common stock	$	—	$	—	$	0.03	$	0.03
Basic and diluted earnings (loss) available to Class B common stock	$	—	$	—	$	0.03	$	0.03


	1st		2nd		3rd		4th
2017	Quarter		Quarter		Quarter		Quarter
General and administrative expenses	$	—	$	—	$	—	$	1,276
Net income (loss)	$	—	$	—	$	—	$	(1,276)
Basic and diluted earnings (loss) available to Class A common stock	$	—	$	—	$	—	$	—
Basic and diluted earnings (loss) available to Class B common stock	$	—	$	—	$	—	$	(0.00)