10-Q Filing

Custom Truck One Source, Inc. CIK: 1709682 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-008078`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	cic-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 18 Cash Flow Statement 32 Stockholders Equity 12

Balance Sheet 46 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`	$745.29K	USD	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`	$468.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$756.97K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.34K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.57K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$469.60K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$769.54K	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$410.03M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$407.73M	USD	Point-in-time
Total Assets	`Assets`	$410.80M	USD	Point-in-time
Total Assets	`Assets`	$408.20M	USD	Point-in-time
Current liabilities - Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$176.97K	USD	Point-in-time
Current liabilities - Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$90.88K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$176.97K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$90.88K	USD	Point-in-time
Convertible promissory notes - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible promissory notes - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$750.00K	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`	$15.01M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.18M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,349,545 and 38,402,649 shares at redemption value as of March 31, 2019 and December 31, 2018, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$389.02M	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,349,545 and 38,402,649 shares at redemption value as of March 31, 2019 and December 31, 2018, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$390.78M	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`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$602.32K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.00M	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 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`	$410.80M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$408.20M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.40M	shares	1 Quarter
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.35M	shares	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$536.15K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$413.24K	USD	1 Quarter
Net income (loss) per ordinary share - income excluded from basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.19M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-536.15K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-413.24K	USD	1 Quarter
Net income (loss) per ordinary share - income excluded from basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$590.22K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.27M	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
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$24.49K	USD	1 Quarter
Net income	`NetIncomeLoss`	$955.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.93M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.91M	shares	1 Quarter
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$955.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.27M	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
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$24.49K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$42.28K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.22K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$86.10K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.11K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-461.28K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-506.63K	USD	1 Quarter
Cash withdrawn from the Trust Account	`ProceedsFromHedgeInvestingActivities`	$750.00K	USD	1 Quarter
Cash withdrawn from the Trust Account	`ProceedsFromHedgeInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$750.00K	USD	1 Quarter
Proceeds from convertible promissory notes related parties	`ProceedsFromConvertiblePromissoryNotesRelatedParties`	-	USD	1 Quarter
Proceeds from convertible promissory notes related parties	`ProceedsFromConvertiblePromissoryNotesRelatedParties`	$750.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$750.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$288.72K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$243.37K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$745.29K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$468.25K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$756.97K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$745.29K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$468.25K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$756.97K	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$1.76M	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$955.37K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`RedeemableInterestEquityCommonCarryingAmount`	$-1.76M	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`RedeemableInterestEquityCommonCarryingAmount`	$-955.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$955.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.76M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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