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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
General and administrative expenses $ 1,786,122 $ 225,699 $ 5,546,753 $ 786,980
Loss from operations (1,786,122) (225,699) (5,546,753) (786,980)
Other (expense) income:        
Interest expense (1,551,342) (1,821,599)
Loss on issuance of convertible promissory note (1,657,522)
Interest income 266 255,254 38,704 1,203,538
Change in fair value of derivative liability and accrued issuable equity (15,972) (15,972)
Other (expense) income, net (1,567,048) 255,254 (3,456,389) 1,203,538
(Loss) income before income taxes (3,353,170) 29,555 (9,003,142) 416,558
Benefit (provision) for income taxes 3,827 (51,345) (217,583)
Net (loss) income $ (3,349,343) $ (21,790) $ (9,003,142) $ 198,975
Weighted average shares outstanding        
Basic 5,239,222 4,264,291 4,727,424 4,197,910
Diluted 5,239,222 4,264,291 4,727,424 8,168,215
Net (loss) income per common share        
Basic $ (0.64) $ (0.01) $ (1.90) $ 0.05
Diluted $ (0.64) $ (0.01) $ (1.90) $ 0.02
As Originally Reported [Member]        
General and administrative expenses $ 403,397   $ 1,039,028  
Loss from operations 403,397   1,039,028  
Other (expense) income:        
Interest expense (1,504,319)   (1,774,576)  
Loss on issuance of convertible promissory note   (1,657,522)  
Interest income 266   38,704  
Change in fair value of derivative liability and accrued issuable equity 19,177   19,177  
Other (expense) income, net (1,484,876)   (3,374,217)  
(Loss) income before income taxes (1,888,273)   (4,413,245)  
Benefit (provision) for income taxes 3,827    
Net (loss) income $ (1,884,446)   $ (4,413,245)  
Weighted average shares outstanding        
Basic 5,177,321   4,706,640  
Diluted 5,177,321   4,706,640  
Net (loss) income per common share        
Basic $ (0.36)   $ (0.94)  
Diluted $ (0.36)   $ (0.94)  
Adjustments [Member]        
General and administrative expenses $ 1,382,725   $ 4,507,725  
Loss from operations 1,382,725   4,507,725  
Other (expense) income:        
Interest expense (47,023)   (47,023)  
Loss on issuance of convertible promissory note    
Interest income    
Change in fair value of derivative liability and accrued issuable equity (35,149)   (35,149)  
Other (expense) income, net (82,172)   (82,172)  
(Loss) income before income taxes (1,464,897)   (4,589,897)  
Benefit (provision) for income taxes    
Net (loss) income $ (1,464,897)   $ (4,589,897)  
Weighted average shares outstanding        
Basic 61,901   20,784  
Diluted 61,901   20,784  
Net (loss) income per common share        
Basic $ (0.28)   $ (0.96)  
Diluted $ (0.28)   $ (0.96)