Canoo 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			For the period from August 6, 2018 (date of inception) to December 31, 2018
Net income available to Class A common stockholders:
Interest income	$	5,523,000		$	-
Less: Income and franchise taxes		(1,310,000	)		-
Net income attributable to Class A common stockholders	$	4,213,000		$	-

Net income available to Class B common stockholders:
Net income (loss)	$	1,160,000		$	(3,000	)
Less: amount attributable to Class A common stockholders		(4,213,000	)		-
Net (loss) attributable to Class B common stockholders	$	(3,053,000	)	$	(3,000	)