PARTS iD, Inc. Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

	Year ended
	December 31,
	2019			2018

Net income available to Class A common stockholders:
Interest income	$	6,482,000			5,559,000
Less: Income and franchise taxes		(1,520,000	)		(1,330,000	)
Expenses available to be paid with interest income from Trust (up to a maximum of $750,000 per year)		(125,000	)		(1,372,000	)
Net income available to Class A common stockholders	$	4,837,000		$	2,857,000

Net income available to Class F common stockholders:
Net income	$	1,387,000		$	2,806,000
Less: amount attributable to Class A common stockholders		(4,837,000	)		(2,857,000	)
Net (loss) available to class F common stockholders	$	(3,450,000	)	$	(51,000	)