10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-025622`
Period End Date	20190331
Filing Date	20190513
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	muds-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 16 Cash Flow Statement 50 Stockholders Equity 16

Balance Sheet 53 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
Cash	`Cash`	$24.95K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$419.67K	USD	Point-in-time
Cash	`Cash`	$535.95K	USD	Point-in-time
Cash	`Cash`	$835.63K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.30K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$80.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$588.24K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$500.50K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$213.87M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$212.92M	USD	Point-in-time
Total Assets	`Assets`	$213.50M	USD	Point-in-time
Total Assets	`Assets`	$214.37M	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`	19.92M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$69.61K	USD	Point-in-time
Temporary Equity, Shares Outstanding	`TemporaryEquitySharesOutstanding`	19.85M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$201.39K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$808.06K	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
Temporary Equity, Redemption Price Per Share	`TemporaryEquityRedemptionPricePerShare`	$10.10	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$555.45K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$877.67K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$756.84K	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`	$8.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.16M	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; 19,921,923 and 19,848,325 shares as of March 31, 2019 and December 31, 2018, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$201.21M	USD	Point-in-time
Common stock subject to possible redemption, $0.0001 par value; 19,921,923 and 19,848,325 shares as of March 31, 2019 and December 31, 2018, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$200.47M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of March 31, 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 March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.42M	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 LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$214.37M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.50M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$105.86K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$158.66K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-105.86K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-158.66K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$452.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.40K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.15M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$111.74K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$112.19K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$1.15M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.33K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$995.95K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.06K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$252.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$743.34K	USD	1 Quarter

Cash Flow Statement 50 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 (loss)	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.15M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$111.74K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$28.54K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$97.53K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$49.91K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.78K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.06K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$252.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.03K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-316.58K	USD	1 Quarter
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	$200.30K	USD	1 Quarter
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	-	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$210.08M	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$8.08M	USD	Point-in-time
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-210.08M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$200.30K	USD	1 Quarter
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	$203.84M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$7.74M	USD	1 Quarter
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$242.33K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	$293.95K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$211.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Change in Cash	`CashPeriodIncreaseDecrease`	$810.69K	USD	1 Quarter
Net Change in Cash	`CashPeriodIncreaseDecrease`	$-116.28K	USD	1 Quarter
Cash Beginning	`Cash`	$24.95K	USD	Point-in-time
Cash Beginning	`Cash`	$419.67K	USD	Point-in-time
Cash Beginning	`Cash`	$535.95K	USD	Point-in-time
Cash Beginning	`Cash`	$835.63K	USD	Point-in-time
Cash Ending	`Cash`	$24.95K	USD	Point-in-time
Cash Ending	`Cash`	$419.67K	USD	Point-in-time
Cash Ending	`Cash`	$535.95K	USD	Point-in-time
Cash Ending	`Cash`	$835.63K	USD	Point-in-time
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	$7.28M	USD	1 Quarter
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	-	USD	1 Quarter
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	-	USD	1 Quarter
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$198.79M	USD	1 Quarter
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	1 Quarter
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$240.13K	USD	1 Quarter
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$743.34K	USD	1 Quarter
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$-6.14K	USD	1 Quarter

Stockholders Equity 16 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`	$22.22K	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 redemption	`StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption`	$-198.78M	USD	1 Quarter
Chang in value of common stock subject to possible redemption	`StockRepurchasedDuringPeriodValue`	$743.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.73K	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`	$22.22K	USD	Point-in-time

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