10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-058795`
Period End Date	20200331
Filing Date	20200508
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	muds-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 16 Cash Flow Statement 38 Stockholders Equity 12

Balance Sheet 50 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
Cash	`Cash`	$419.67K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$12.64K	USD	Point-in-time
Cash	`Cash`	$208.54K	USD	Point-in-time
Cash	`Cash`	$535.95K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid income taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid income taxes	`IncomeTaxesReceivable`	$95.28K	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
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$54.38K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.97K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$67.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$307.78K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$215.39M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$71.79M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$71.85M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$215.69M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$334.62K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$2.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.73K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$600.00K	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$334.62K	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`	$10.58M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.61M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of March 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$711.41K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.29M	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 LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$215.69M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$71.85M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.12M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$158.66K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-158.66K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.12M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.40K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$409.00	USD	1 Quarter
Interest earned on investments held in Trust Account	`InterestIncomeOther`	$659.15K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InterestIncomeOther`	$1.15M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$1.15M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$659.56K	USD	1 Quarter
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$995.95K	USD	1 Quarter
(Loss) Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$252.61K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.01K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-2.59M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$743.34K	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-2.59M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$659.15K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.15M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-95.28K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$28.54K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$50.41K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.78K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$32.73K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$252.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-835.95K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-316.58K	USD	1 Quarter
Cash withdrawn from Trust Account to pay franchise taxes	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecuritiesToPayFranchiseTaxes`	$40.05K	USD	1 Quarter
Cash withdrawn from Trust Account to pay franchise taxes	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecuritiesToPayFranchiseTaxes`	$200.30K	USD	1 Quarter
Cash withdrawn from Trust Account for redemption of common stock	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecuritiesForCommonStockRedemption`	$144.22M	USD	1 Quarter
Cash withdrawn from Trust Account for redemption of common stock	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecuritiesForCommonStockRedemption`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$144.26M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$200.30K	USD	1 Quarter
Proceeds from convertible promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from convertible promissory note - related party	`ProceedsFromRelatedPartyDebt`	$600.00K	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfCommonStock`	$144.22M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-143.62M	USD	1 Quarter
Net Change in Cash	`CashPeriodIncreaseDecrease`	$-195.90K	USD	1 Quarter
Net Change in Cash	`CashPeriodIncreaseDecrease`	$-116.28K	USD	1 Quarter
Cash - Beginning of period	`Cash`	$419.67K	USD	Point-in-time
Cash - Beginning of period	`Cash`	$12.64K	USD	Point-in-time
Cash - Beginning of period	`Cash`	$208.54K	USD	Point-in-time
Cash - Beginning of period	`Cash`	$535.95K	USD	Point-in-time
Cash - End of period	`Cash`	$419.67K	USD	Point-in-time
Cash - End of period	`Cash`	$12.64K	USD	Point-in-time
Cash - End of period	`Cash`	$208.54K	USD	Point-in-time
Cash - End of period	`Cash`	$535.95K	USD	Point-in-time
Change in value of common stock subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$-2.59M	USD	1 Quarter
Change in value of common stock subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$743.34K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
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
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueCommonStockSubjectToRedemption`	$-743.34K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueCommonStockSubjectToRedemption`	$2.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.59M	USD	1 Quarter
Net 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

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