XML 26 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Summary of Significant Accounting Policies  
Schedule of basic and diluted loss per common stock

For the three months ended

For the six months ended

June 30, 2020

June 30, 2019

June 30, 2020

June 30, 2019

Interest income on restricted cash equivalents held in Trust Account

$

272,160

$

5,771

$

1,124,619

$

6,704

Gain on marketable securities (net), and dividends held in Trust Account

 

 

1,452,219

 

 

2,157,433

 

Expenses available to be paid with interest income from Trust

 

(48,324)

(348,286)

 

(48,319)

(536,134)

Net income available to holders of Class A common stock

 

223,836

1,109,704

 

1,076,300

1,628,003

Net (loss) income

(4,755)

852,775

617,620

1,177,769

Less: Income attributable to Class A common stock

 

(223,836)

(1,109,704)

 

(1,076,300)

(1,628,003)

Net loss attributable to holders of Class B common stock

$

(228,591)

$

(256,929)

$

(458,680)

$

(450,234)

Weighted average shares outstanding of Class A common stock

 

23,000,000

23,000,000

 

23,000,000

22,848,921

Basic and diluted net income per share, Class A

$

0.01

$

0.05

$

0.05

$

0.07

Weighted average shares outstanding of Class B common stock

 

5,750,000

5,750,000

 

5,750,000

5,750,000

Basic and diluted net loss per share, Class B

$

(0.04)

$

(0.04)

$

(0.08)

$

(0.08)

Schedule of reconciliation of cash and cash equivalents

June 30, 2020

    

December 31, 2019

Cash

$

712,980

$

1,175,207

Restricted cash equivalents held in Trust Account

 

234,150,965

 

233,232,730

Total cash and restricted cash equivalents held in Trust Account shown in the statement of cash flows

$

234,863,945

$

234,407,937