10-Q Filing

Purple Innovation, Inc. CIK: 1643953 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-006872`
Period End Date	20150630
Filing Date	20150910
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	gpac-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 21 Income Statement 7 Cash Flow Statement 12 Stockholders Equity 4

Balance Sheet 21 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$146.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total assets	`Assets`	$173.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Notes and advances payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$145.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$148.00K	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 45,000,000 authorized shares, 3,881,250 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$25.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$173.00K	USD	Point-in-time

Income Statement 7 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Point-in-time
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	-	USD	Point-in-time
Other income - interest on Trust Account	`InterestAndOtherIncome`	-	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLoss`	-	USD	Point-in-time
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	Point-in-time
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Point-in-time

Cash Flow Statement 12 line items

Line Item	Tag	Value	Unit	Period
Net loss attributable to common stock	`NetIncomeLoss`	-	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Point-in-time
Proceeds from sale of common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Point-in-time
Proceeds from note payable and advances - related party	`ProceedsFromRelatedPartyDebt`	$145.00K	USD	Point-in-time
Payment of deferred offering costs	`PaymentOfDeferredOfferingCosts`	$143.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.00K	USD	Point-in-time
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.00K	USD	Point-in-time
Accounts payable and accrued offering costs	`DeferredOfferingCostsIncludedInAccruedFormationAndOfferingCosts`	$3.00K	USD	Point-in-time

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Sale of common stock, price per share	`SaleOfStockPricePerShare`	$0.01	USD	Point-in-time
Sale of common stock to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueOther`	$25.00K	USD	Point-in-time
Net loss attributable to common stock	`NetIncomeLoss`	-	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$25.00K	USD	Point-in-time

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