10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001104659-19-061090`
Period End Date	20190930
Filing Date	20191107
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	muds-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 34

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$267.25K	USD	Point-in-time
Cash	`Cash`	$679.15K	USD	Point-in-time
Cash	`Cash`	$24.95K	USD	Point-in-time
Cash	`Cash`	$535.95K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$54.85K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.59K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.30K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$351.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$588.24K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$212.92M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$214.74M	USD	Point-in-time
Total Assets	`Assets`	$215.09M	USD	Point-in-time
Total Assets	`Assets`	$213.50M	USD	Point-in-time
Temporary Equity, Par or Stated Value Per Share	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Temporary Equity, Par or Stated Value Per Share	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Temporary Equity, Shares Outstanding	`TemporaryEquitySharesOutstanding`	20.08M	shares	Point-in-time
Temporary Equity, Shares Outstanding	`TemporaryEquitySharesOutstanding`	19.85M	shares	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$201.39K	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$37.38K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$555.45K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$756.84K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$37.38K	USD	Point-in-time
Deferred underwriting fees	`DeferredUnderwritingFeesNoncurrent`	$7.28M	USD	Point-in-time
Deferred underwriting fees	`DeferredUnderwritingFeesNoncurrent`	$7.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.04M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, $0.0001 par value; 20,076,817 and 19,848,325 shares as of September 30, 2019 and December 31, 2018, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$200.47M	USD	Point-in-time
Common stock subject to possible redemption, $0.0001 par value; 20,076,817 and 19,848,325 shares as of September 30, 2019 and December 31, 2018, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$202.78M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of September 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of September 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.68M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.22K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.50M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$215.09M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$407.78K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$453.37K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$136.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$150.83K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-453.37K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-150.83K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-136.59K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-407.78K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.67K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.68K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.62K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.25K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.80M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.11M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$913.36K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$3.48M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$3.48M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$916.03K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$1.12M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$1.81M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$964.29K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$779.44K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.03M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$223.68K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$720.23K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$348.60K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$181.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$823.81K	USD	1 Quarter
Net income	`NetIncomeLoss`	$597.57K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$740.61K	USD	1 Quarter
Net income	`NetIncomeLoss`	$743.34K	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Net income	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$823.81K	USD	1 Quarter
Net income	`NetIncomeLoss`	$597.57K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$740.61K	USD	1 Quarter
Net income	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.80M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.11M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$913.36K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$3.48M	USD	3 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	3 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$54.85K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.70K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$82.71K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-164.01K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$175.37K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-555.45K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$348.60K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.51K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.92M	USD	3 Qtrs
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	$1.65M	USD	3 Qtrs
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	-	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$210.08M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$8.08M	USD	Point-in-time
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-210.08M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.65M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	$203.84M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$7.74M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$242.33K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$293.95K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$211.04M	USD	3 Qtrs
Net Change in Cash	`CashPeriodIncreaseDecrease`	$-268.70K	USD	3 Qtrs
Net Change in Cash	`CashPeriodIncreaseDecrease`	$654.21K	USD	3 Qtrs
Cash - Beginning	`Cash`	$267.25K	USD	Point-in-time
Cash - Beginning	`Cash`	$679.15K	USD	Point-in-time
Cash - Beginning	`Cash`	$24.95K	USD	Point-in-time
Cash - Beginning	`Cash`	$535.95K	USD	Point-in-time
Cash - Ending	`Cash`	$267.25K	USD	Point-in-time
Cash - Ending	`Cash`	$679.15K	USD	Point-in-time
Cash - Ending	`Cash`	$24.95K	USD	Point-in-time
Cash - Ending	`Cash`	$535.95K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.33M	USD	3 Qtrs
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	$7.28M	USD	3 Qtrs
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	-	USD	3 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$240.13K	USD	3 Qtrs
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	-	USD	3 Qtrs
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$198.79M	USD	3 Qtrs
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$1.05M	USD	3 Qtrs
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$2.31M	USD	3 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Adjustments to Additional Paid in Capital, Warrant Issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$7.74M	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$22.22K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of 20,800,000 Units, net of underwriting discounts and offering costs	`StockIssuedDuringPeriodValueOther`	$196.03M	USD	1 Quarter
Sale of 7,740,000 Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$7.74M	USD	1 Quarter
Forfeiture of founder shares	`StockIssuedDuringThePeriodValueSharesForfeited`	-	USD	1 Quarter
Common stock subject to possible redemption	`StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption`	$-198.78M	USD	1 Quarter
Common stock subject to possible redemption	`StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption`	$-597.57K	USD	1 Quarter
Common stock subject to possible redemption	`StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption`	$-462.76K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockRepurchasedDuringPeriodValue`	$823.82K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockRepurchasedDuringPeriodValue`	$743.34K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockRepurchasedDuringPeriodValue`	$740.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$823.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$597.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.05M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.31M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$740.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$22.22K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.