Stryve Foods, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Basic and Diluted Loss Per Ordinary Share

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:

	Year Ended December 31,
	2019			2018
Net income (loss)	$	1,762,447		$	(14,772	)
Less: Income attributable to ordinary shares subject to possible redemption		(2,058,429	)		—
Adjusted net loss	$	(295,982	)	$	(14,772	)

Weighted average shares outstanding, basic and diluted		3,446,449			2,500,000

Basic and diluted net loss per ordinary share	$	(0.09	)	$	(0.01	)