Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets –    
Cash $ 563,000 $ 568,000
Prepaid expenses and other assets 58,000 26,000
Total current assets 621,000 594,000
Non-current assets –    
Cash and investments held in Trust Account 63,978,000 302,529,000
Total assets 64,599,000 303,123,000
Current liabilities –    
Accounts payable 993,000 358,000
Accrued expenses 2,697,000 1,859,000
Accrued franchise and income taxes   8,000
Notes payable 5,575,000 1,958,000
Total current liabilities 9,265,000 4,183,000
Other liabilities –    
Deferred underwriting compensation 10,500,000 10,500,000
Total liabilities 19,765,000 14,683,000
Common stock subject to possible redemption; 3,983,497 and 28,344,013 shares, respectively, at June 30, 2020 and December 31, 2019 (at approximately $10.00 per share) 39,834,000 283,440,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding
Additional paid-in-capital 2,029,000 847,000
Retained earnings 2,970,000 4,152,000
Total stockholders’ equity 5,000,000 5,000,000
Total liabilities and stockholders’ equity 64,599,000 303,123,000
Class A Common Stock    
Stockholders’ equity:    
Common stock value
Total stockholders’ equity  
Class F Common Stock    
Stockholders’ equity:    
Common stock value 1,000 1,000
Total stockholders’ equity $ 1,000 $ 1,000