10-Q Filing

AST SPACEMOBILE, INC. CIK: 1780312 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-036663`
Period End Date	20200930
Filing Date	20201113
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	npac-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 39 Cash Flow Statement 61 Stockholders Equity 30

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
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 authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$357.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$705.38K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpensesCurrent`	$55.65K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpensesCurrent`	$131.23K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$14.60K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$427.27K	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
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$232.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$232.57M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$231.84M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$259.84K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$240.14K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$25.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$265.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$259.84K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$666.00	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.61K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$8.05M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$8.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.31M	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, 21,732,175 and 21,746,363 shares at redemption value at September 30, 2020 and December 31, 2019, respectively	`TemporaryEquitySharesRedemptions`	$218.52M	USD	Point-in-time
Class A common stock subject to possible redemption, 21,732,175 and 21,746,363 shares at redemption value at September 30, 2020 and December 31, 2019, respectively	`TemporaryEquitySharesRedemptions`	$219.26M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	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
Additional paid-in capital	`AdditionalPaidInCapital`	$3.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$655.68K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$23.91K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$232.57M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$231.84M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption	`ExcludesAggregateSharesOfPossibleRedemption`	-	USD	1 Quarter
Common stock subject to possible redemption	`ExcludesAggregateSharesOfPossibleRedemption`	$21.73M	USD	3 Qtrs
Common stock subject to possible redemption	`ExcludesAggregateSharesOfPossibleRedemption`	$21.78M	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$94.62K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$152.82K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$492.01K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-94.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-152.82K	USD	1 Quarter
Income attributable to common stock subject to redemption	`IncomeAttributableToCommonStockSubjectToRedemption`	$180.59K	USD	1 Quarter
Income attributable to common stock subject to redemption	`IncomeAttributableToCommonStockSubjectToRedemption`	$1.02M	USD	3 Qtrs
Income attributable to common stock subject to redemption	`IncomeAttributableToCommonStockSubjectToRedemption`	$10.95K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-492.01K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$88.06K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$165.61K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.43M	USD	3 Qtrs
Unrealized (loss) gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$-4.92K	USD	1 Quarter
Unrealized (loss) gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$3.17K	USD	3 Qtrs
Unrealized (loss) gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$39.81K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$83.14K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$205.42K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.43M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-69.68K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$936.99K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$110.80K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-14.63K	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$196.77K	USD	3 Qtrs
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$23.04K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-51.98K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$847.25K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$740.23K	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.31M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.01M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.01M	shares	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-51.98K	USD	1 Quarter
Net income	`NetIncomeLoss`	$847.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$740.23K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$165.61K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$1.43M	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$-4.92K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$3.17K	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$39.81K	USD	1 Quarter
Deferred tax benefit provision	`DeferredIncomeTaxesAndTaxCredits`	$-2.94K	USD	3 Qtrs
Deferred tax benefit provision	`DeferredIncomeTaxesAndTaxCredits`	$8.36K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$-75.57K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$165.71K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$14.60K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.70K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.74K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-25.68K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.68K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.69K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-636.74K	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireTrustPreferredInvestments`	$230.00M	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireTrustPreferredInvestments`	-	USD	3 Qtrs
Cash withdrawn from Trust Account for franchise and income tax payments	`ProceedFromWithdrawnForTaxPayments`	-	USD	1 Quarter
Cash withdrawn from Trust Account for franchise and income tax payments	`ProceedFromWithdrawnForTaxPayments`	$500.62K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$500.62K	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	-	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$225.40M	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacements`	-	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacements`	$6.10M	USD	1 Quarter
Proceeds from promissory note related party	`ProceedsFromRelatedPartyDebt`	$155.09K	USD	1 Quarter
Proceeds from promissory note related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of promissory noterelated party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of promissory noterelated party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-155.09K	USD	1 Quarter
Payment of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$-585.93K	USD	1 Quarter
Payment of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.91M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$705.38K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-136.12K	USD	3 Qtrs
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$357.01K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
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`	$357.01K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$493.13K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	$705.38K	USD	Point-in-time
Cash - End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$240.00K	USD	3 Qtrs
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	-	USD	3 Qtrs
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	$217.86M	USD	1 Quarter
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$740.22K	USD	3 Qtrs
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$87.83K	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayables`	-	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayables`	$8.05M	USD	1 Quarter
Deferred offering costs paid directly by Sponsor from proceeds from issuance of Class B common stock	`DeferredOfferingCostsPaidDirectlyBySponsorFromProceedsFromIssuanceOfClassBCommonStock`	$25.00K	USD	1 Quarter
Deferred offering costs paid directly by Sponsor from proceeds from issuance of Class B common stock	`DeferredOfferingCostsPaidDirectlyBySponsorFromProceedsFromIssuanceOfClassBCommonStock`	-	USD	3 Qtrs

Stockholders Equity 30 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`	$23.91K	USD	Point-in-time
Balance	`StockholdersEquity`	-	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
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class A common stock subject to possible redemption	`CommonStockSubjectToPossibleRedemption`	$55.05K	USD	1 Quarter
Class B common stock issued to the Sponsor	`StockIssuedDuringPeriodValueCommonStockIssuedToSponsor`	$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	`CommonStockSubjectToPossibleRedemptions`	$-217.95M	USD	1 Quarter
Common stock subject to possible redemption	`CommonStockSubjectToPossibleRedemptions`	$51.98K	USD	1 Quarter
Common stock subject to possible redemption	`CommonStockSubjectToPossibleRedemptions`	$-847.25K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$-1.09K	USD	Point-in-time
Net income loss	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$-51.98K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$847.25K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$87.76K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$740.23K	USD	3 Qtrs
Balances	`StockholdersEquity`	$23.91K	USD	Point-in-time
Balances	`StockholdersEquity`	-	USD	Point-in-time
Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquity`	$5.00M	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.