Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 801,000 $ 1,124,000
Prepaid expenses 106,000 50,000
Total current assets 907,000 1,174,000
Cash and investments held in trust account 309,160,000 307,338,000
Total assets 310,067,000 308,512,000
Current liabilities:    
Accounts payable 53,000 46,000
Accrued liabilities 2,169,000 2,119,000
Deferred compensation 151,000 116,000
Accrued income and franchise taxes 395,000
Total current liabilities 2,768,000 2,281,000
Other liabilities:    
Deferred underwriting compensation 10,179,000 10,179,000
Total liabilities 12,947,000 12,460,000
Commitments and contingencies
Common stock subject to possible redemption; 28,922,833 and 28,817,019 shares at March 31, 2020 and December 31, 2019, respectively, (at value of approximately $10.10 per share) 292,120,000 291,052,000
Stockholders' equity:    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding at March 31, 2020 and December 31, 2019, respectively
Additional paid-in-capital 2,773,000 3,842,000
Retained earnings 2,226,000 1,157,000
Total stockholders' equity 5,000,000 5,000,000
Total liabilities and stockholders' equity 310,067,000 308,512,000
Class A Common Stock    
Stockholders' equity:    
Common stock
Total stockholders' equity
Class B Common Stock    
Stockholders' equity:    
Common stock 1,000 1,000
Total stockholders' equity $ 1,000 $ 1,000