XML 11 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current asset    
Cash $ 576,317
Prepaid expenses and other current assets 75,988 25
Total Current Assets 652,305 25
Deferred offering costs 106,870
Marketable securities held in Trust Account 243,242,148
TOTAL ASSETS 243,894,453 106,895
Current liabilities    
Accrued expenses 208,683 1,000
Income taxes payable 201,563
Promissory note - related party 80,808
Total Current Liabilities 410,246 81,808
Deferred tax liability 69,561
Total Liabilities 479,807 81,808
Commitments
Common stock subject to possible redemption 23,698,156 shares at redemption value at June 30, 2020 238,414,641
Stockholders' Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.0001 par value; 50,000,000 shares authorized; 7,357,344 and 6,337,500 shares issued and outstanding (excluding 23,698,156 and no shares subject to possible redemption) at June 30, 2020 and December 31, 2019, respectively [1] 736 634
Additional paid-in capital 3,980,324 25,453
Retained earnings/(Accumulated deficit) 1,018,945 (1,000)
Total Stockholders’ Equity 5,000,005 25,087
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 243,894,453 $ 106,895
[1] At December 31, 2019, included up to 787,500 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5).