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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Schedule of the calculation of basic and diluted net income (loss) per common share

Three Months Ended June 30,

Six Months Ended June 30,

    

2020

    

2019

    

2020

    

2019

Net loss

$

(49,790)

$

(21,947)

$

(84,408)

$

(45,387)

Weighted average shares outstanding

Basic

 

18,395,983

 

299,780

 

9,359,655

 

299,001

Diluted

 

18,395,983

 

299,780

 

9,359,655

 

299,001

Basic loss per common share

$

(2.71)

$

(73.21)

$

(9.02)

$

(151.80)

Diluted loss per common share

$

(2.71)

$

(73.21)

$

(9.02)

$

(151.80)

The table below shows our basic and diluted earnings (loss) per share calculations (in thousands, except share and per share amounts):

Year Ended December 31,

    

2019

    

2018

Net loss

$

(98,895)

$

(55,803)

Weighted average shares outstanding

 

  

 

  

Basic

 

2,739,505

 

2,645,194

Diluted

 

2,739,505

 

2,645,194

Basic earnings per common share

$

(36.10)

$

(21.10)

Diluted earnings per common share

$

(36.10)

$

(21.10)

Mudrick Capital Acquisition Corporation [Member]    
Schedule of the calculation of basic and diluted net income (loss) per common share  

The following table reflects the calculation of basic and diluted net income (loss) per common share:

    

Year Ended

    

Year Ended

December 31,

December 31,

2019

2018

Redeemable Common Stock

 

  

 

  

Numerator: Earnings allocable to Redeemable Common Stock

 

  

 

  

Interest Income

$

4,379,894

$

2,836,691

Income and Franchise Tax

$

(1,099,904)

$

(744,449)

Net Earnings

$

3,279,990

$

2,081,242

Denominator: Weighted Average Redeemable Common Stock

 

  

 

  

Redeemable Common Stock, Basic and Diluted

 

20,800,000

 

20,800,000

Earnings/Basic and Diluted Redeemable Common Stock

$

0.16

$

0.10

Non-Redeemable Common Stock

 

  

 

  

Numerator: Net Loss minus Redeemable Net Earnings

 

  

 

  

Net Income

$

2,610,824

$

1,679,963

Redeemable Net Earnings

$

(3,279,990)

$

(2,081,242)

Non-Redeemable Net Loss

$

(669,166)

$

(401,279)

Denominator: Weighted Average Non-Redeemable Common Stock

 

  

 

  

Non-Redeemable Common Stock, Basic and Diluted (1)

 

5,200,000

 

5,200,000

Loss/Basic and Diluted Non-Redeemable Common Stock

$

(0.13)

$

(0.08)