10-Q Filing

Custom Truck One Source, Inc. CIK: 1709682 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-005867`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cik0001709682-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 9 Cash Flow Statement 14

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$745.29K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$149.20K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.92K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$608.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$894.49K	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$402.50M	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$403.12M	USD	Point-in-time
Total Assets	`Assets`	$403.11M	USD	Point-in-time
Total Assets	`Assets`	$404.01M	USD	Point-in-time
Ordinary shares, subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	38.40M	shares	Point-in-time
Ordinary shares, subject to possible redemption	`OrdinarySharesSubjectToPossibleRedemption`	38.38M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$125.36K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$176.47K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$125.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$176.47K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$14.09M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$14.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.21M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,403,218 and 38,384,487 shares at redemption value as of March 31, 2018 and December 31, 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$384.80M	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,403,218 and 38,384,487 shares at redemption value as of March 31, 2018 and December 31, 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$383.84M	USD	Point-in-time
Preference Shares, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference Shares, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.82M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$177.90K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-777.47K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$404.01M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$403.11M	USD	Point-in-time

Income Statement 9 line items

Line Item	Tag	Value	Unit	Period
Excludes an aggregate shares subject to redemption	`OrdinarySharesSubjectToPossibleRedemption`	38.40M	shares	Point-in-time
Excludes an aggregate shares subject to redemption	`OrdinarySharesSubjectToPossibleRedemption`	38.38M	shares	Point-in-time
Operating costs	`OperatingCostsAndExpenses`	$413.24K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-413.24K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.37M	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$1.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$955.37K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.93M	shares	1 Quarter
Basic and diluted net income per ordinary share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter

Cash Flow Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$955.37K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$1.37M	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$1.18K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$42.28K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.11K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-506.63K	USD	1 Quarter
Cash withdrawn from the Trust Account	`ProceedsFromHedgeInvestingActivities`	$750.00K	USD	1 Quarter
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$750.00K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$243.37K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$745.29K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$745.29K	USD	Point-in-time
Change in value of ordinary shares subject to redemption	`ChangeInValueOfOrdinarySharesSubjectToRedemption`	$955.37K	USD	1 Quarter

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