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Selected Quarterly Information (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY INFORMATION (UNAUDITED)

NOTE 10. SELECTED QUARTERLY INFORMATION (UNAUDITED)

 

The following table presents summarized unaudited quarterly financial data for each of the four quarters for the year ended December 31, 2019 and for the period from June 11, 2018 (inception) through December 31, 2018. The data has been derived from the Company's unaudited financial statements that, in management's opinion, include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of such information when read in conjunction with the financial statements and notes thereto. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.

 

Year Ended December 31, 2019  First 
Quarter
   Second
Quarter
   Third 
Quarter
   Fourth 
Quarter
 
Operating costs  $153,496   $137,943   $135,101   $225,950 
Unrealized gain (loss) on marketable securities  $20,808   $24,107   $(15,376)  $(23,658)
Interest income  $783,708   $792,709   $732,727   $631,635 
Net income  $518,675   $531,941   $459,977   $301,679 
Basic and diluted loss per common share  $(0.02)  $(0.02)  $(0.02)  $(0.04)

 

For the Period from June 11, 2018 (inception)
Through December 31, 2018
  First 
Quarter
   Second
Quarter
   Third 
Quarter
   Fourth 
Quarter
 
Formation and operating costs  $    —   $     —   $      —   $132,419 
Unrealized gain on marketable securities  $   $   $   $6,712 
Interest income  $   $   $   $151,739 
Net income  $   $   $   $19,156 
Basic and diluted loss per common share  $   $   $   $(0.01)