10-Q Filing

DocGo Inc. CIK: 1822359 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-030755`
Period End Date	20210331
Filing Date	20210603
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	motn-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 6 Cash Flow Statement 15 Stockholders Equity 6

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$498.82K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$168.53K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$223.45K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$350.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$350.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$722.61K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$115.02M	USD	Point-in-time
Common stock shares subject to possible redemption	`TemporaryEquitySharesAuthorized`	9.98M	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$115.00M	USD	Point-in-time
Common stock shares subject to possible redemption	`TemporaryEquitySharesAuthorized`	9.78M	shares	Point-in-time
Common stock shares subject to possible redemption (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Total Assets	`Assets`	$116.07M	USD	Point-in-time
Common stock shares subject to possible redemption (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Total Assets	`Assets`	$115.73M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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 authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.66K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.01K	USD	Point-in-time
Franchise tax payable	`TaxesPayableCurrent`	$50.00K	USD	Point-in-time
Franchise tax payable	`TaxesPayableCurrent`	$78.19K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$70.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$70.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$184.01K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$159.85K	USD	Point-in-time
Deferred underwriting commissions in connection with initial public offering	`DeferredOfferingCostsAssociatedWithInitialPublicOffering`	$4.03M	USD	Point-in-time
Deferred underwriting commissions in connection with initial public offering	`DeferredOfferingCostsAssociatedWithInitialPublicOffering`	$4.03M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$6.68M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$9.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.89M	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 9,983,195 and 9,784,208 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$97.84M	USD	Point-in-time
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 9,983,195 and 9,784,208 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$99.83M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 1,516,805 and 1,715,792 shares issued and outstanding (excluding 9,983,195 and 9,784,208 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$152.00	USD	Point-in-time
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 1,516,805 and 1,715,792 shares issued and outstanding (excluding 9,983,195 and 9,784,208 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively	`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 as of March 31, 2021 and December 31, 2020	`CommonStockValue1`	$288.00	USD	Point-in-time
Class B common stock, $0.0001 par value; 12,500,000 shares authorized; 2,875,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020	`CommonStockValue1`	$288.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.23M	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`	$116.07M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$115.73M	USD	Point-in-time

Income Statement 6 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$382.82K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-382.82K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$17.01K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.36M	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$2.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.99M	USD	1 Quarter

Cash Flow Statement 15 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.99M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestAndDividendIncomeSecuritiesHeldToMaturity`	$17.01K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.36M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$54.92K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.35K	USD	1 Quarter
Franchise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-28.19K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-413.58K	USD	1 Quarter
Interest released from Trust Account	`InterestReleasedFromTrustAccount`	$33.74K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.74K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-379.84K	USD	1 Quarter
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$498.82K	USD	Point-in-time
Cash - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$498.82K	USD	Point-in-time
Cash - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$878.65K	USD	Point-in-time
Change in value of Class A common shares subject to possible redemption	`ChangeInValueOfommonSharesSubjectToPossibleRedemption`	$1.99M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class A common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-1.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.99M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	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.