Annual report pursuant to Section 13 and 15(d)

Income Tax (Tables)

v3.20.1
Income Tax (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of net deferred tax assets

    December 31,
2019
    December 31,
2018
 
Deferred tax asset            
Organizational costs/Startup expenses   $ 407,368     $ 161,558  
Total deferred tax assets     407,368       161,558  
Valuation allowance     (407,368 )     (161,558 )
Deferred tax asset, net of allowance   $     $  

Schedule of income tax provision (benefit)
    Year Ended December 31,
2019
    Year Ended December 31,
2018
 
Federal            
Current   $ 257,255     $ 413,191  
Deferred     (245,810 )     (107,907 )
                 
State                
Current            
Deferred            
Change in valuation allowance     245,810       107,907  
Income tax provision   $ 257,255     $ 413,191  
Schedule of the federal income tax rate to the company’s effective tax rate

    Year Ended December 31,  
    2019     2018  
Statutory federal income tax rate     21.0 %     21.0 %
State taxes, net of federal tax benefit     0.0 %     0.0 %
True-ups     (14.1 )%     0.0 %
Change in valuation allowance     148.1 %     7.4 %
Effective income tax rate     155.0 %     28.4 %