Quarterly report pursuant to Section 13 or 15(d)

Comparison of Restated Financial Statements to Financial Statements As Previously Reported (Details 1)

v3.20.4
Comparison of Restated Financial Statements to Financial Statements As Previously Reported (Details 1) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
General and administrative expenses $ 3,513,039 $ 296,377 $ 3,760,631 $ 561,281
Loss from operations 3,513,039 296,377 3,760,631 561,281
Other (expense) income:        
Interest expense (270,257) (270,257)
Loss on issuance of convertible promissory note (1,657,522) (1,657,522)
Interest income 2,950 355,970 38,438 948,284
Other (expense) income, net (1,924,829) 355,970 (1,889,341) 948,284
(Loss) income before income taxes (5,437,868) 59,593 (5,649,972) 387,003
Benefit (provision) from income taxes 1,480 (70,423) (3,827) (166,238)
Net (loss) income $ (5,436,388) $ (10,830) $ (5,653,799) $ 220,765
Weighted average shares outstanding        
Basic 4,479,278 4,227,492 4,468,714 4,164,169
Diluted 4,479,278 4,227,492 4,468,714 11,169,370
Net (loss) income per common share        
Basic $ (1.21) $ (1.27) $ 0.05
Diluted $ (1.21) $ (1.27) $ 0.02
As Originally Reported [Member]        
General and administrative expenses $ 388,039   $ 635,631  
Loss from operations 388,039   635,631  
Other (expense) income:        
Interest expense (270,257)   (270,257)  
Loss on issuance of convertible promissory note (1,657,522)   (1,657,522)  
Interest income 2,950   38,438  
Other (expense) income, net (1,924,829)   (1,889,341)  
(Loss) income before income taxes (2,312,868)   (2,524,972)  
Benefit (provision) from income taxes 1,480   (3,827)  
Net (loss) income $ (2,311,388)   $ (2,528,799)  
Weighted average shares outstanding        
Basic 4,479,278   4,468,714  
Diluted 4,479,278   4,468,714  
Net (loss) income per common share        
Basic $ (0.52)   $ (0.57)  
Diluted $ (0.52)   $ (0.57)  
Adjustments [Member]        
General and administrative expenses $ 3,125,000   $ 3,125,000  
Loss from operations 3,125,000   3,125,000  
Other (expense) income:        
Interest expense    
Loss on issuance of convertible promissory note    
Interest income    
Other (expense) income, net    
(Loss) income before income taxes (3,125,000)   (3,125,000)  
Benefit (provision) from income taxes    
Net (loss) income $ (3,125,000)   $ (3,125,000)  
Weighted average shares outstanding        
Basic    
Diluted    
Net (loss) income per common share        
Basic $ (0.69)   $ (0.7)  
Diluted $ (0.69)   $ (0.7)