10-Q Filing

AST SPACEMOBILE, INC. CIK: 1780312 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-022562`
Period End Date	20190930
Filing Date	20191108
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	npac-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 27 Income Statement 13 Cash Flow Statement 26 Stockholders Equity 15

Balance Sheet 27 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$705.38K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$165.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$871.10K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$230.21M	USD	Point-in-time
Total Assets	`Assets`	$231.08M	USD	Point-in-time
Common stock subject to possible redemption	`TemporaryEquitySharesRedemption`	21.78M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.74K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$14.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$67.41K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$8.36K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$8.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.13M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 21,777,014 shares at redemption value	`TemporaryEquitySharesRedemptions`	$217.95M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, Value	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.67K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$23.91K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$231.08M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Operating and formation costs	`OperatingCostsAndExpenses`	$94.62K	USD	1 Quarter
Common stock subject to possible redemption	`TemporaryEquitySharesRedemption`	21.78M	shares	Point-in-time
Income attributable to common stock subject to redemption	`IncomeAttributableToCommonStockSubjectToRedemption`	$180.59K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-94.62K	USD	1 Quarter
Interest income on marketable securities held in Trust Account	`InterestIncomeOther`	$165.61K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$39.81K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$205.42K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$110.80K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.04K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.31M	shares	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`PaymentsToAcquireMarketableSecurities`	$165.61K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$39.81K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$8.36K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$165.71K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.74K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.68K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.69K	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireTrustPreferredInvestments`	$230.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.00M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$225.40M	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$155.09K	USD	1 Quarter
Repayment of promissory note - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-155.09K	USD	1 Quarter
Payment of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$-585.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.91M	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$705.38K	USD	1 Quarter
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$705.38K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$705.38K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	$217.86M	USD	1 Quarter
Change in value of common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$87.83K	USD	1 Quarter
Deferred offering costs paid directly by Sponsor from proceeds from issuance of common stock	`DeferredOfferingCostDirectlyPaid`	$25.00K	USD	1 Quarter
Deferred offering fee payable	`DeferredOfferingFeePayable`	$8.05M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Sale of underwriting discount	`StockIssuedDuringPeriodSharesOther`	23.00M	shares	1 Quarter
Sale of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	1 Quarter
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$23.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class B common stock issued to the Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Sale of 23,000,000 Units, net of underwriting discount and offering expenses	`StockIssuedDuringPeriodValueOther`	$216.74M	USD	1 Quarter
Sale of 23,000,000 Units, net of underwriting discount and offering expenses, shares	`StockIssuedDuringPeriodSharesOther`	23.00M	shares	1 Quarter
Sale of 6,100,000 Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	1 Quarter
Common stock subject to possible redemption	`CommonStockSubjectToPossibleRedemption`	$-217.95M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Balances	`StockholdersEquity`	-	USD	Point-in-time
Balances	`StockholdersEquity`	$23.91K	USD	Point-in-time
Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time

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