Reconciliation of Adjusted Net (Loss) Income per Ordinary Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of Adjusted Net (Loss) Income per Ordinary Share

Note 10 — Reconciliation of Adjusted Net (Loss) Income per Ordinary Share

The Company's net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per ordinary share is:

	Year Ended December 31, 2019			For the Period From February 16, 2018 (Inception) Through December 31, 2018
Net income	$	2,090,361		$	341,708
Less: income attributable to ordinary shares subject to redemption (1)		(2,345,916	)		(320,644	)
Adjusted net (loss) income	$	(255,555	)	$	21,064
Basic and diluted weighted average shares outstanding (2)		4,097,705			1,117,863
Basic and diluted adjusted net (loss) income per ordinary share	$	(0.06	)	$	0.02

(1)	Income attributable to ordinary shares subject to possible redemption was calculated in proportion of the interest income earned in Trust Account, which would be distributed to shareholders in the event they choose to exercise their redemption rights at the closing of a Business Combination.
(2)	Excludes an aggregate of up to 10,477,559 and 10,603,302 shares subject to possible redemption at December 31, 2019 and 2018, respectively. An aggregate of 3,002 shares of ordinary share were cancelled after partial exercise of the over-allotment option by the underwriters at December 31, 2018.