Schedule of restatement on the balance sheets, statements of operations and statements of cash flows |
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Balance Sheet as of |
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October 22, 2019 |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
1,356,300 |
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$ |
1,356,300 |
Total Liabilities |
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82,127 |
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1,356,300 |
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1,438,427 |
Ordinary shares subject to redemption |
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133,895,920 |
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(1,356,300) |
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132,539,620 |
Ordinary Shares |
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401 |
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14 |
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|
415 |
Additional paid-in capital |
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$ |
5,052,511 |
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$ |
4,064 |
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$ |
5,056,575 |
Retained earnings (Accumulated deficit) |
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(52,908) |
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(4,078) |
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(56,986) |
Total Shareholders’ Equity |
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$ |
5,000,004 |
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$ |
— |
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$ |
5,000,004 |
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Number of shares subject to possible redemption |
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13,389,592 |
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(135,630) |
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13,253,962 |
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Balance Sheet as of |
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December 31, 2019 |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
1,972,800 |
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$ |
1,972,800 |
Total Liabilities |
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65,716 |
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1,972,800 |
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2,038,516 |
Ordinary shares subject to redemption |
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134,190,490 |
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(1,972,800) |
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132,217,690 |
Ordinary Shares |
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398 |
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20 |
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418 |
Additional paid-in capital |
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$ |
4,757,944 |
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$ |
620,558 |
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$ |
5,378,502 |
Retained earnings (Accumulated deficit) |
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$ |
241,659 |
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$ |
(620,578) |
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$ |
(378,919) |
Total Shareholders’ Equity |
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$ |
5,000,001 |
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$ |
— |
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$ |
5,000,001 |
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Number of shares subject to possible redemption |
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13,419,049 |
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(197,280) |
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13,221,769 |
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Statement of Operations for the |
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period from July 30, 2019 (inception) to December 31, 2019 |
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As Reported |
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Adjustment |
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As Restated |
Transaction costs allocable to warrant liabilities |
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$ |
— |
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$ |
(4,078) |
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$ |
(4,078) |
Change in fair value of warrant liabilities |
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— |
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(616,500) |
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(616,500) |
Net income |
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$ |
241,659 |
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$ |
(620,578) |
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$ |
(378,919) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.05) |
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$ |
(0.17) |
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$ |
(0.22) |
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Statement of Cash Flows for the |
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Period |
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year ended December 31, 2019 |
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As Reported |
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Adjustment |
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As Restated |
Net income (loss) |
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$ |
241,659 |
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$ |
(620,578) |
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$ |
(378,919) |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
616,500 |
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$ |
616,500 |
Transaction costs allocable to warrant liabilities |
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$ |
— |
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$ |
4,078 |
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$ |
4,078 |
Initial classification of warrant liabilities |
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$ |
— |
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$ |
1,356,300 |
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$ |
1,356,300 |
Initial classification of ordinary shares subject to redemption |
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$ |
133,895,920 |
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$ |
(1,356,300) |
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$ |
132,539,620 |
Change in value of ordinary shares subject to possible redemption |
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$ |
294,570 |
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$ |
(616,500) |
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$ |
(321,930) |
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Balance Sheet as of |
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Period |
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March 31, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
1,027,500 |
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$ |
1,027,500 |
Total Liabilities |
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53,215 |
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1,027,500 |
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1,080,715 |
Ordinary shares subject to redemption |
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134,537,080 |
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(1,027,500) |
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133,509,580 |
Ordinary Shares |
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395 |
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10 |
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405 |
Additional paid-in capital |
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$ |
4,411,357 |
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$ |
(324,732) |
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$ |
4,086,625 |
Retained earnings |
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$ |
588,253 |
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$ |
324,722 |
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$ |
912,975 |
Total Shareholders’ Equity |
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$ |
5,000,005 |
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$ |
— |
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$ |
5,000,005 |
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Number of shares subject to possible redemption |
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13,453,708 |
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(102,750) |
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13,350,958 |
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Balance Sheet as of |
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Period |
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June 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
2,383,800 |
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$ |
2,383,800 |
Total Liabilities |
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16,366 |
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2,383,800 |
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2,400,166 |
Ordinary shares subject to redemption |
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134,591,590 |
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(2,383,800) |
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132,207,790 |
Ordinary Shares |
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394 |
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24 |
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418 |
Additional paid-in capital |
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$ |
4,356,848 |
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$ |
1,031,554 |
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$ |
5,388,402 |
Retained earnings (Accumulated deficit) |
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$ |
642,765 |
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$ |
(1,031,578) |
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$ |
(388,813) |
Total Shareholders’ Equity |
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$ |
5,000,007 |
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$ |
— |
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$ |
5,000,007 |
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Number of shares subject to possible redemption |
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13,459,159 |
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(238,380) |
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13,220,779 |
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Balance Sheet as of |
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Period |
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September 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
2,548,200 |
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$ |
2,548,200 |
Total Liabilities |
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15,147 |
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2,548,200 |
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2,563,347 |
Ordinary shares subject to redemption |
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134,531,290 |
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(2,548,200) |
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131,983,090 |
Ordinary Shares |
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395 |
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25 |
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420 |
Additional paid-in capital |
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$ |
4,417,147 |
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$ |
1,195,953 |
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$ |
5,613,100 |
Retained earnings (Accumulated deficit) |
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$ |
582,459 |
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$ |
(1,195,978) |
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$ |
(613,519) |
Total Shareholders’ Equity |
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$ |
5,000,001 |
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$ |
0 |
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$ |
5,000,001 |
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Number of shares subject to possible redemption |
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13,453,129 |
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(254,820) |
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13,198,309 |
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Balance Sheet as of |
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Period |
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December 31, 2020 |
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As Reported |
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Adjustment |
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As Restated |
Warrant Liabilities |
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$ |
— |
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$ |
3,452,400 |
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$ |
3,452,400 |
Total Liabilities |
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709,732 |
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3,452,400 |
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4,162,132 |
Ordinary shares subject to redemption |
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134,138,890 |
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(3,452,400) |
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130,686,490 |
Ordinary Shares |
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399 |
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34 |
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433 |
Additional paid-in capital |
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$ |
4,809,543 |
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$ |
2,100,144 |
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$ |
6,909,687 |
Retained earnings (Accumulated deficit) |
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$ |
190,067 |
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$ |
(2,100,178) |
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$ |
(1,910,111) |
Total Shareholders’ Equity |
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$ |
5,000,009 |
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$ |
— |
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$ |
5,000,009 |
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Number of shares subject to possible redemption |
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13,413,889 |
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(345,240) |
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13,068,649 |
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Statement of Operations for the |
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Period |
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three months ended March 31, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
945,300 |
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$ |
945,300 |
Net income |
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$ |
346,594 |
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$ |
945,300 |
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$ |
1,291,894 |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.06) |
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$ |
0.27 |
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$ |
0.21 |
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Statement of Operations for the |
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Period |
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six months ended June 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(411,000) |
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$ |
(411,000) |
Net income |
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$ |
401,106 |
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$ |
(411,000) |
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$ |
(9,894) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.08) |
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$ |
(0.11) |
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$ |
(0.19) |
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Statement of Operations for the |
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Period |
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three months ended June 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(1,356,300) |
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$ |
(1,356,300) |
Net income |
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$ |
54,512 |
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$ |
(1,356,300) |
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$ |
(1,301,788) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.02) |
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$ |
(0.38) |
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$ |
(0.40) |
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Statement of Operations for the |
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Period |
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nine months ended September 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(575,400) |
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$ |
(575,400) |
Net income (loss) |
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$ |
340,800 |
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$ |
(575,400) |
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$ |
(234,600) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.10) |
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$ |
(0.16) |
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$ |
(0.26) |
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Statement of Operations for the |
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Period |
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three months ended September 30, 2020 (unaudited) |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(164,400) |
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$ |
(164,400) |
Net income (loss) |
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$ |
(60,306) |
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$ |
(164,400) |
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$ |
(224,706) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.30) |
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$ |
0.23 |
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$ |
(0.07) |
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Statement of Operations for the |
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Period |
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year ended December 31, 2020 |
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As Reported |
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Adjustment |
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As Restated |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(1,479,600) |
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$ |
(1,479,600) |
Net income (loss) |
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$ |
(51,592) |
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$ |
(1,479,600) |
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$ |
(1,531,192) |
Basic and diluted net loss per ordinary share, non-redeemable |
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$ |
(0.22) |
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$ |
(0.41) |
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$ |
(0.63) |
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Statement of Cash Flows for the |
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period ended March 31, 2020 (unaudited) |
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As Reported |
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Period Adjustment |
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As Restated |
Net income (loss) |
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$ |
346,594 |
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$ |
945,300 |
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$ |
1,291,894 |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
(945,300) |
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$ |
(945,300) |
Change in value of ordinary shares subject to possible redemption |
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$ |
346,590 |
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$ |
945,300 |
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$ |
1,291,890 |
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Statement of Cash Flows for the |
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period ended June 30, 2020 (unaudited) |
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As Reported |
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Period Adjustment |
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As Restated |
Net income (loss) |
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$ |
401,106 |
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$ |
(411,000) |
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$ |
(9,894) |
Change in fair value of warrant liabilities |
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$ |
— |
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$ |
411,000 |
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$ |
411,000 |
Change in value of ordinary shares subject to possible redemption |
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$ |
401,100 |
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$ |
(411,000) |
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$ |
(9,900) |
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Statement of Cash Flows for the |
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period ended September 30, 2020 (unaudited) |
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As Reported |
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Period Adjustment |
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As Restated |
Net income (loss) |
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$ |
340,800 |
|
$ |
(575,400) |
|
$ |
(234,600) |
Change in fair value of warrant liabilities |
|
$ |
— |
|
$ |
575,400 |
|
$ |
575,400 |
Change in value of ordinary shares subject to possible redemption |
|
$ |
340,800 |
|
$ |
(575,400) |
|
$ |
(234,600) |
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Statement of Cash Flows for the |
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year ended December 31, 2020 |
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As Reported |
|
Period Adjustment |
|
As Restated |
Net income (loss) |
|
$ |
(51,592) |
|
$ |
(1,479,600) |
|
$ |
(1,531,192) |
Change in fair value of warrant liabilities |
|
$ |
— |
|
$ |
1,479,600 |
|
$ |
1,479,600 |
Change in value of ordinary shares subject to possible redemption |
|
$ |
(51,600) |
|
$ |
(1,479,600) |
|
$ |
(1,531,200) |
|