10-K Filing

AST SPACEMOBILE, INC. CIK: 1780312 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001213900-20-008037`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	npac-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 12 Cash Flow Statement 27 Stockholders Equity 12

Balance Sheet 25 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$131.23K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$624.35K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$231.21M	USD	Point-in-time
Total Assets	`Assets`	$231.84M	USD	Point-in-time
Common stock subject to possible redemption	`TemporaryEquitySharesRedemption`	21.75M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$240.14K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$25.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$265.82K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.61K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$8.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.32M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 21,746,363 shares at redemption value	`TemporaryEquitySharesRedemptions`	$218.52M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$655.68K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$231.84M	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
Operating and formation costs	`OperatingCostsAndExpenses`	$384.86K	USD	2 Qtrs
Common stock subject to possible redemption	`TemporaryEquitySharesRedemption`	21.75M	shares	Point-in-time
Income attributable to common stock subject to redemption	`IncomeAttributableToCommonStockSubjectToRedemption`	$915.61K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-384.86K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$1.20M	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$17.19K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.21M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$829.97K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$174.29K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$655.68K	USD	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.08M	shares	2 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$655.68K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`PaymentsToAcquireMarketableSecurities`	$1.20M	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$17.19K	USD	2 Qtrs
Deferred tax provision	`DeferredIncomeTaxesAndTaxCredits`	$3.61K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$131.23K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$240.14K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$25.68K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-420.94K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireTrustPreferredInvestments`	$230.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.00M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$225.40M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	2 Qtrs
Advances from Sponsor	`AdvancesFromSponsor`	$600.00K	USD	2 Qtrs
Payment of advances from Sponsor	`PaymentOfAdvanceFromSponsor`	$600.00K	USD	2 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$155.09K	USD	2 Qtrs
Repayment of promissory note - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-155.09K	USD	2 Qtrs
Payment of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$-585.93K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.91M	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$493.13K	USD	2 Qtrs
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	$217.86M	USD	2 Qtrs
Change in value of common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$656.84K	USD	2 Qtrs
Deferred offering costs paid directly by Sponsor from proceeds from issuance of common stock	`DeferredOfferingCostDirectlyPaid`	$25.00K	USD	2 Qtrs
Deferred offering fee payable	`DeferredOfferingFeePayable`	$8.05M	USD	2 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Sale of underwriting discount	`StockIssuedDuringPeriodSharesOther`	23.00M	shares	2 Qtrs
Sale of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	2 Qtrs
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Class B common stock issued to the Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Sale of 23,000,000 Units, net of underwriting discount and offering expenses	`StockIssuedDuringPeriodValueOther`	$216.74M	USD	2 Qtrs
Sale of 23,000,000 Units, net of underwriting discount and offering expenses, shares	`StockIssuedDuringPeriodSharesOther`	23.00M	shares	2 Qtrs
Sale of 6,100,000 Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.10M	USD	2 Qtrs
Common stock subject to possible redemption	`CommonStockSubjectToPossibleRedemption`	$-218.52M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$655.68K	USD	2 Qtrs
Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquity`	-	USD	Point-in-time

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