10-Q Filing

LUCID GROUP, INC. CIK: 1811210 Q2 2020

Filing Information

Filing Contents

This filing contains the following financial statements:

Balance Sheet 17 line items

Line Item	Tag	Value	Unit	Period
Current asset - Cash	`Cash`	$172.10K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$210.90K	USD	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
TOTAL ASSETS	`Assets`	$383.00K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$58.00K	USD	Point-in-time
Weighted average number of shares, common stock subject to repurchase or cancellation	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	6.75M	shares	1 Quarter
Promissory note - related party	`DueToRelatedPartiesCurrent`	$300.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$359.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.82K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$383.00K	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Formation costs	`OperatingExpenses`	$1.00K	USD	1 Quarter
Weighted average number of shares, common stock subject to repurchase or cancellation	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	6.75M	shares	1 Quarter
Net (loss) income	`OperatingIncomeLoss`	$-1.00K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.00M	shares	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.00K	USD	1 Quarter
Proceeds from issuance of common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$152.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$172.10K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$172.10K	USD	1 Quarter
Cash - Beginning	`Cash`	$172.10K	USD	Point-in-time
Cash - Ending	`Cash`	$172.10K	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$58.00K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	6.75M	shares	1 Quarter
Balance	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

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