Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.20.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Basic and Diluted Loss Per Ordinary Share

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:

 

                 
    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 )