10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-059354`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	muds-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 24 Cash Flow Statement 51

Balance Sheet 56 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`	$24.95K	USD	Point-in-time
Cash	`Cash`	$679.15K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$25.00K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$82.71K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$761.86K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$24.95K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$166.50K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$211.88M	USD	Point-in-time
Total Assets	`Assets`	$191.44K	USD	Point-in-time
Total Assets	`Assets`	$212.65M	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`	0.00	shares	Point-in-time
Temporary Equity, Shares Outstanding	`TemporaryEquitySharesOutstanding`	19.79M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$533.00	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$175.90K	USD	Point-in-time
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$348.60K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$25.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	-	USD	Point-in-time
Promissory note related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$143.70K	USD	Point-in-time
Promissory note related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$169.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$524.50K	USD	Point-in-time
Deferred underwriting fees	`DeferredUnderwritingFeesNoncurrent`	-	USD	Point-in-time
Deferred underwriting fees	`DeferredUnderwritingFeesNoncurrent`	$7.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$169.23K	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.80M	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; 19,786,309 and -0- shares as of September 30, 2018 and December 31, 2017, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$199.84M	USD	Point-in-time
Common stock subject to possible redemption, $0.0001 par value; 19,786,309 and -0- shares as of September 30, 2018 and December 31, 2017, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of September 30, 2018 and December 31, 2017	`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, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.43K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.95M	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.78K	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.05M	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 LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$212.65M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$191.44K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.20K	USD	Point-in-time
General and administrative expenses	`GeneralAndAdministrativeExpense`	$407.78K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$136.59K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-136.59K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-407.78K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.20K	USD	Point-in-time
Interest income	`InvestmentIncomeInterest`	-	USD	Point-in-time
Interest income	`InvestmentIncomeInterest`	$5.62K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.67K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	-	USD	Point-in-time
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`	$1.80M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$916.03K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$1.81M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	-	USD	Point-in-time
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.20K	USD	Point-in-time
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$779.44K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$181.87K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Point-in-time
Provision for income taxes	`IncomeTaxExpenseBenefit`	$348.60K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.05M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$597.57K	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.05M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.20K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$597.57K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	-	USD	Point-in-time
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`	$1.80M	USD	3 Qtrs
Increase in promissory note related party	`IncreaseDecreaseInNotesPayableRelatedPartiesCurrent`	$1.20K	USD	Point-in-time
Increase in promissory note related party	`IncreaseDecreaseInNotesPayableRelatedPartiesCurrent`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$82.71K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Point-in-time
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Point-in-time
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$175.37K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$348.60K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.51K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Point-in-time
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$8.08M	USD	Point-in-time
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	Point-in-time
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$210.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-210.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Point-in-time
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Point-in-time
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	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$7.74M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Point-in-time
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$242.33K	USD	3 Qtrs
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Point-in-time
Payment of offering costs	`PaymentsOfFinancingCosts`	$293.95K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$211.04M	USD	3 Qtrs
Net Change in Cash	`CashPeriodIncreaseDecrease`	$25.00K	USD	Point-in-time
Net Change in Cash	`CashPeriodIncreaseDecrease`	$654.21K	USD	3 Qtrs
Cash Beginning	`Cash`	$24.95K	USD	Point-in-time
Cash Beginning	`Cash`	$679.15K	USD	Point-in-time
Cash Beginning	`Cash`	$25.00K	USD	Point-in-time
Cash Beginning	`Cash`	-	USD	Point-in-time
Cash Ending	`Cash`	$24.95K	USD	Point-in-time
Cash Ending	`Cash`	$679.15K	USD	Point-in-time
Cash Ending	`Cash`	$25.00K	USD	Point-in-time
Cash Ending	`Cash`	-	USD	Point-in-time
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	Point-in-time
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	-	USD	Point-in-time
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$198.79M	USD	3 Qtrs
Deferred offering costs included in accrued offering costs	`LiabilitiesAssumed1`	$25.00K	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`LiabilitiesAssumed1`	-	USD	3 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$240.13K	USD	3 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$40.50K	USD	Point-in-time

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