Romeo Power, Inc.

2020 Q2 Form 10-Q Financial Statement

#000155837020009615 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.363M $1.500M
YoY Change 257.53%
Cash & Equivalents $5.363M $2.513M
Short-Term Investments $0.00
Other Short-Term Assets $100.0K $300.0K
YoY Change -66.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $849.3K $1.800M
YoY Change -52.82%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $231.2M
YoY Change
Other Assets $234.2M $1.000M
YoY Change 23320.0%
Total Long-Term Assets $234.2M $232.1M
YoY Change 0.88%
TOTAL ASSETS
Total Short-Term Assets $849.3K $1.800M
Total Long-Term Assets $234.2M $232.1M
Total Assets $235.0M $233.9M
YoY Change 0.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.51K $100.0K
YoY Change -64.5%
Accrued Expenses $50.00K $200.0K
YoY Change -75.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $228.3K $800.0K
YoY Change -71.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.500M $8.500M
YoY Change 0.0%
Total Long-Term Liabilities $8.500M $8.500M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.3K $800.0K
Total Long-Term Liabilities $8.500M $8.500M
Total Liabilities $8.770M $9.300M
YoY Change -5.7%
SHAREHOLDERS EQUITY
Retained Earnings -$1.841M
YoY Change
Common Stock $6.840M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.535M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $235.0M $233.9M
YoY Change 0.47%

Cashflow Statement

Concept 2020 Q2 2019 Q2

Facts In Submission

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to credit risk consist principally of cash, restricted cash equivalents held in the Trust Account, and marketable securities held in the Trust Account. Cash and restricted cash equivalents are maintained in accounts with financial institutions, which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes, based upon the quality of the financial institutions, that the credit risk with regard to these deposits is not significant. As of December 31, 2019, the balance of restricted cash equivalents held in the Trust Account are comprised entirely of an investment in a single money market fund which invests all of its assets in cash, U.S. Treasury bills, notes, and other obligations issued or guaranteed as to principal and interest by the U.S. Treasury. As of June 30, 2020, the Company had no investments in marketable securities.</p>
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Each Unit consists of one share of Class A common stock and one-third of one redeemable warrant (“Public Warrant”). 
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rmgun Number Of Days For Written Notice Of Redemption
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FairValueAssetsLevel1ToLevel2TransfersAmount
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R4.htm Edgar Link pending
R5.htm Edgar Link pending
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report.css Edgar Link pending
rmg-20200630.xsd Edgar Link pending
rmg-20200630x10q.htm Edgar Link pending
rmg-20200630x10q_htm.xml Edgar Link completed
rmg-20200630xex31d1.htm Edgar Link pending
rmg-20200630xex32d1.htm Edgar Link pending
rmg-20200630_cal.xml Edgar Link unprocessable
rmg-20200630_def.xml Edgar Link unprocessable
rmg-20200630_lab.xml Edgar Link unprocessable
rmg-20200630_pre.xml Edgar Link unprocessable
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