10-K/A Filing

DocGo Inc. CIK: 1822359 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-21-029916`
Period End Date	20201231
Filing Date	20210528
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	motn-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 7 Cash Flow Statement 27 Stockholders Equity 11

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$168.53K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$350.00	USD	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
Common stock shares subject to possible redemption	`TemporaryEquitySharesAuthorized`	9.78M	shares	Point-in-time
Total Assets	`Assets`	$116.07M	USD	Point-in-time
Common stock shares subject to possible redemption per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`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
Accounts payable	`AccountsPayableCurrent`	$11.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Warrant liabilities	`DerivativeLiabilities`	$9.04M	USD	Point-in-time
Deferred underwriting commissions in connection with the initial public offering	`DeferredOfferingCostsAssociatedWithInitialPublicOffering`	$4.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.23M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock, 9,784,208 shares subject to possible redemption at $10.00 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$97.84M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 1,715,792 shares issued and outstanding (excluding 9,784,208 shares subject to possible redemption)	`CommonStockValue`	$172.00	USD	Point-in-time
Class B common stock, $0.0001 par value; 12,500,000 shares authorized; 2,875,000 shares issued and outstanding	`CommonStockValue1`	$288.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.22M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$116.07M	USD	Point-in-time

Income Statement 7 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
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.88M	USD	2 Qtrs
Offering expense associated with warrants recorded as liabilities	`OfferingExpenseAssociatedWithWarrantsRecordedAsLiabilities`	$-191.11K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-4.05M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.22M	USD	2 Qtrs

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.22M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$20.08K	USD	2 Qtrs
Offering costs allocable to warrant liabilities	`OtherNoncashExpense`	$191.11K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.88M	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`	-	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Offering costs paid by related party in exchange for issuance of Class B common stock	`DeferredOfferingCostsPaidByRelatedPartyInExchangeForIssuanceOfClassBCommonStock`	$25.00K	USD	2 Qtrs
Offering costs included in other accrued liabilities	`DeferredOfferingCostsIncludedInOtherAccruedLiabilities`	$70.00K	USD	2 Qtrs
Deferred underwriting fees charged to additional paid-in capital	`DeferredUnderwritingFeesChargedToAdditionalPaidinCapital`	$4.03M	USD	2 Qtrs
Initial classification of Class A common shares subject to possible redemption	`InitialClassificationOfCommonSharesSubjectToPossibleRedemption`	$101.95M	USD	2 Qtrs
Change in value of Class A common shares subject to possible redemption	`ChangeInValueOfommonSharesSubjectToPossibleRedemption`	$-4.11M	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Issuance of Class B common shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Sale of 11,500,000 Class A shares, net of underwriting discount, offering expenses, and fair value of public warrants	`StockIssuedDuringPeriodValueOther`	$105.29M	USD	2 Qtrs
Excess cash received over fair value of private placement warrants	`ExcessCashReceivedOverFairValueOfPrivatePlacementWarrants`	$1.75M	USD	2 Qtrs
Forfeiture of Class B common stock	`StockIssueDuringPeriodValueForfeitureOfCommonStock`	-	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`	$97.84M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.22M	USD	2 Qtrs
Balance	`StockholdersEquity`	-	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.