10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-040076`
Period End Date	20190630
Filing Date	20190814
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	muds-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 26

Balance Sheet 57 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`	$535.95K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$24.95K	USD	Point-in-time
Cash	`Cash`	$335.57K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$722.43K	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
Income taxes receivable	`IncomeTaxesReceivable`	$9.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.30K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$55.21K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$588.24K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$399.98K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$213.94M	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`	$214.34M	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`	19.85M	shares	Point-in-time
Temporary Equity, Shares Outstanding	`TemporaryEquitySharesOutstanding`	20.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$21.74K	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
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$201.39K	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`	$21.74K	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`	$7.30M	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; 20,003,489 and 19,848,325 shares as of June 30, 2019 and December 31, 2018, respectively (at redemption value of $10.10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$202.04M	USD	Point-in-time
Common stock subject to possible redemption, $0.0001 par value; 20,003,489 and 19,848,325 shares as of June 30, 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 June 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 June 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.24M	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`	$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 Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$214.34M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.50M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$271.19K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$143.88K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$165.33K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$302.54K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-271.19K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-302.54K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-143.88K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-165.33K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.95K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.42K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.02K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$2.36M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$891.00K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.21M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$779.27K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$781.76K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$2.37M	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$893.95K	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$1.21M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.07M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$622.76K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.06M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$616.43K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$153.67K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$496.55K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$243.94K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$166.73K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$823.81K	USD	1 Quarter
Net income	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$456.03K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-6.73K	USD	1 Quarter

Cash Flow Statement 60 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`	$823.81K	USD	1 Quarter
Net income	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$456.03K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$2.36M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$891.00K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$1.21M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestIncomeOther`	$779.27K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$9.20K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.92K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$115.59K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$117.61K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-179.65K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-555.45K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$166.73K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-266.23K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.54M	USD	2 Qtrs
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	$1.34M	USD	2 Qtrs
Cash withdrawn from Trust Account	`ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities`	-	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$210.08M	USD	2 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	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.34M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting fees paid	`ProceedsFromIssuanceInitialPublicOffering`	$203.84M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$7.74M	USD	2 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$242.33K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$293.95K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$211.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Change in Cash	`CashPeriodIncreaseDecrease`	$-200.38K	USD	2 Qtrs
Net Change in Cash	`CashPeriodIncreaseDecrease`	$697.48K	USD	2 Qtrs
Cash - Beginning	`Cash`	$535.95K	USD	Point-in-time
Cash - Beginning	`Cash`	$24.95K	USD	Point-in-time
Cash - Beginning	`Cash`	$335.57K	USD	Point-in-time
Cash - Beginning	`Cash`	$722.43K	USD	Point-in-time
Cash - Ending	`Cash`	$535.95K	USD	Point-in-time
Cash - Ending	`Cash`	$24.95K	USD	Point-in-time
Cash - Ending	`Cash`	$335.57K	USD	Point-in-time
Cash - Ending	`Cash`	$722.43K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.06M	USD	2 Qtrs
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	-	USD	2 Qtrs
Deferred underwriting fees charged to additional paid in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidInCapital`	$7.28M	USD	2 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$240.13K	USD	2 Qtrs
Payment of deferred offering costs and expenses by Sponsor	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$198.78M	USD	2 Qtrs
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	-	USD	2 Qtrs
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$1.57M	USD	2 Qtrs
Change in value of common stock subject to possible redemption (at redemption value of $10.10 per share)	`IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption`	$462.76K	USD	2 Qtrs

Stockholders Equity 26 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`	$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
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 redemption	`StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption`	$-198.78M	USD	1 Quarter
Common stock subject to 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
Net income (loss)	`NetIncomeLoss`	$823.81K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$462.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$743.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$456.03K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-6.73K	USD	1 Quarter
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
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.