The
Company’s net (loss) income 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:
Schedule
of Basic and Diluted Loss Per Ordinary Share
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
|
|
Three
Months Ended June 30, |
|
|
Six
Months Ended June 30, |
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Net (loss) income |
|
$ |
(781,003 |
) |
|
$ |
585,796 |
|
|
$ |
(447,824 |
) |
|
$ |
894,562 |
|
Less: Income attributable to ordinary shares subject to possible redemption |
|
|
(50,465 |
) |
|
|
(660,373 |
) |
|
|
(504,105 |
) |
|
|
(1,057,349 |
) |
Adjusted net
loss |
|
$ |
(831,468 |
) |
|
$ |
(74,577 |
) |
|
$ |
(951,929 |
) |
|
|
(162,787 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding, basic and diluted |
|
|
3,562,575 |
|
|
|
3,529,693 |
|
|
|
3,556,513 |
|
|
|
3,350,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net loss per ordinary share |
|
$ |
(0.23 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.27 |
) |
|
$ |
(0.05 |
) |
|