10-K Filing

DocGo Inc. CIK: 1822359 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-018497`
Period End Date	20201231
Filing Date	20210330
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	motn-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 27 Income Statement 4 Cash Flow Statement 22 Stockholders Equity 13

Balance Sheet 27 line items

Line Item	Tag	Value	Unit	Period
Common stock shares subject to possible redemption	`TemporaryEquitySharesAuthorized`	10.69M	shares	Point-in-time
Common stock shares subject to possible redemption per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$168.53K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$350.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$115.02M	USD	Point-in-time
Total Assets	`Assets`	$116.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.66K	USD	Point-in-time
Franchise taxes payable	`TaxesPayableCurrent`	$78.19K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$70.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$159.85K	USD	Point-in-time
Deferred underwriting commissions in connection with the initial public offering	`DeferredOfferingCostsAssociatedWithInitialPublicOffering`	$4.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.18M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock, 10,688,275 shares subject to possible redemption at $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$106.88M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-148.75K	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`	$116.07M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Operating and formation costs	`OperatingCostsAndExpenses`	$168.83K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-168.83K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$20.08K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-148.75K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$20.08K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$168.53K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$350.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.66K	USD	2 Qtrs
Franchise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$78.19K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-247.86K	USD	2 Qtrs
Deposit of cash into Trust Account	`PaymentsToAcquireInvestments`	$115.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.00M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$112.70M	USD	2 Qtrs
Proceeds from sale of Private Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$3.80M	USD	2 Qtrs
Proceeds from related party note payable	`ProceedsFromRelatedPartyDebt`	$71.47K	USD	2 Qtrs
Repayment of related party note payable	`RepaymentsOfRelatedPartyDebt`	$71.47K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$373.49K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.13M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$878.65K	USD	2 Qtrs
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred offering costs paid by related party in exchange for issuance of Class B common stock	`DeferredOfferingCostsPaidByRelatedPartyInExchangeForIssuanceOfClassBCommonStock`	$25.00K	USD	2 Qtrs
Deferred offering costs included in other accrued liabilities	`DeferredOfferingCostsIncludedInOtherAccruedLiabilities`	$70.00K	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Sale of units	`SaleOfUnitsnetofunderwritingdiscount`	11.50M	shares	2 Qtrs
Sale of private warrant shares	`SaleOfPrivateWarrantShares`	2.53M	shares	2 Qtrs
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B common shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Sale of 11,500,000 Units, net of underwriting discount and offering expenses	`StockIssuedDuringPeriodValueOther`	$108.21M	USD	2 Qtrs
Sale of 2,533,333 private warrants	`SaleOfPrivateWarrants`	$3.80M	USD	2 Qtrs
Forfeiture of Class B common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	2 Qtrs
Forfeiture of Class B common stock (in Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationForfeited`	431,250.00	shares	Point-in-time
Class A common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$106.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-148.75K	USD	2 Qtrs
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

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