2019 Q1 Form 10-Q Financial Statement
#000114420419025622 Filed on May 13, 2019
Income Statement
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $160.0K | $200.0K | $110.0K |
| YoY Change | 45.45% | ||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $160.0K | $200.0K | $110.0K |
| YoY Change | 45.45% | ||
| Operating Profit | -$158.7K | -$105.9K | |
| YoY Change | 49.87% | ||
| Interest Expense | $1.150M | $1.040M | $110.0K |
| YoY Change | 945.45% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $1.155M | $112.2K | |
| YoY Change | 929.17% | ||
| Pretax Income | $996.0K | $830.0K | $6.328K |
| YoY Change | 15638.8% | ||
| Income Tax | $252.6K | $210.0K | $13.06K |
| % Of Pretax Income | 25.36% | 25.3% | 206.38% |
| Net Earnings | -$23.44M | $630.0K | -$6.732K |
| YoY Change | 348087.76% | ||
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $28.46K | $24.23K | -$384.60 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $400.0K | $500.0K | $800.0K |
| YoY Change | -50.0% | ||
| Cash & Equivalents | $400.0K | $52.86M | $800.0K |
| Short-Term Investments | |||
| Other Short-Term Assets | $100.0K | $100.0K | $100.0K |
| YoY Change | 0.0% | ||
| Inventory | |||
| Prepaid Expenses | $80.84K | $52.30K | |
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $500.5K | $588.2K | $900.0K |
| YoY Change | -44.39% | 2258.15% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $213.9M | $212.9M | $210.2M |
| YoY Change | 1.76% | ||
| Other Assets | $0.00 | ||
| YoY Change | |||
| Total Long-Term Assets | $213.9M | $212.9M | $210.2M |
| YoY Change | 1.75% | 127777.89% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $500.5K | $588.2K | $900.0K |
| Total Long-Term Assets | $213.9M | $212.9M | $210.2M |
| Total Assets | $214.4M | $213.5M | $211.1M |
| YoY Change | 1.55% | 111422.86% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $100.0K | $200.0K | $100.0K |
| YoY Change | 0.0% | ||
| Accrued Expenses | $0.00 | $0.00 | |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $877.7K | $756.8K | $100.0K |
| YoY Change | 777.67% | 347.23% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $7.300M | $7.300M | $7.300M |
| YoY Change | 0.0% | ||
| Total Long-Term Liabilities | $7.300M | $7.300M | $7.300M |
| YoY Change | 0.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $877.7K | $756.8K | $100.0K |
| Total Long-Term Liabilities | $7.300M | $7.300M | $7.300M |
| Total Liabilities | $8.158M | $8.037M | $7.300M |
| YoY Change | 11.75% | 4649.09% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $2.421M | $1.677M | -$9.516K |
| YoY Change | -25536.31% | -60343.5% | |
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$363.8M | -$340.4M | $5.000M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $214.4M | $213.5M | $211.1M |
| YoY Change | 1.54% | 111422.86% |
Cashflow Statement
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$23.44M | $630.0K | -$6.732K |
| YoY Change | 348087.76% | ||
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$316.6K | -$140.0K | -$153.0K |
| YoY Change | 106.87% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $200.0K | $0.00 | -$210.1M |
| YoY Change | -100.1% | ||
| Cash From Investing Activities | $200.3K | $0.00 | -$210.1M |
| YoY Change | -100.1% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $203.8M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | 211.0M |
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -316.6K | -140.0K | -153.0K |
| Cash From Investing Activities | 200.3K | 0.000 | -210.1M |
| Cash From Financing Activities | 0.000 | 0.000 | 211.0M |
| Net Change In Cash | -116.3K | -140.0K | 810.7K |
| YoY Change | -114.34% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$316.6K | -$140.0K | -$153.0K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
202000000 | |
| CY2018Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.10 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
8080000 | |
| CY2018Q1 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
210080000 | |
| CY2019Q1 | muds |
Stock Issued Transaction Costs
StockIssuedTransactionCosts
|
11974088 | |
| CY2019Q1 | muds |
Stock Issued Underwriting Fees
StockIssuedUnderwritingFees
|
4160000 | |
| CY2019Q1 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
534088 | |
| CY2019Q1 | muds |
Minimum Net Tangible Assets Required For Business Combinations
MinimumNetTangibleAssetsRequiredForBusinessCombinations
|
5000001 | |
| CY2019Q1 | muds |
Dissolution Expenses Interest Payable
DissolutionExpensesInterestPayable
|
100000 | |
| CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
11974088 | |
| CY2019Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
| CY2019Q1 | us-gaap |
Cash
Cash
|
419667 | |
| CY2018Q4 | us-gaap |
Cash
Cash
|
535946 | |
| CY2019Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
80838 | |
| CY2018Q4 | us-gaap |
Prepaid Expense Current
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|
52295 | |
| CY2019Q1 | us-gaap |
Assets Current
AssetsCurrent
|
500505 | |
| CY2018Q4 | us-gaap |
Assets Current
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588241 | |
| CY2019Q1 | us-gaap |
Assets Held In Trust Noncurrent
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|
213868593 | |
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Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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|
11.50 | |
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Lease And Rental Expense
LeaseAndRentalExpense
|
10000 | |
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Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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|
30000 | |
| CY2018Q1 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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|
20000 | |
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Assets Held In Trust Noncurrent
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212916691 | |
| CY2019Q1 | us-gaap |
Assets
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214369098 | |
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Assets
Assets
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213504932 | |
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Accounts Payable And Other Accrued Liabilities Current
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69607 | |
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Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
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201392 | |
| CY2019Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
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808060 | |
| CY2018Q4 | us-gaap |
Accrued Income Taxes Current
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|
555449 | |
| CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
877667 | |
| CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
756841 | |
| CY2019Q1 | muds |
Deferred Underwriting Fees Noncurrent
DeferredUnderwritingFeesNoncurrent
|
7280000 | |
| CY2018Q4 | muds |
Deferred Underwriting Fees Noncurrent
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7280000 | |
| CY2019Q1 | us-gaap |
Liabilities
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Liabilities
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|
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Commitments And Contingencies
CommitmentsAndContingencies
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Commitments And Contingencies
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Temporary Equity Carrying Amount Attributable To Parent
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|
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Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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Preferred Stock Value
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0 | |
| CY2018Q4 | us-gaap |
Preferred Stock Value
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0 | |
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Additional Paid In Capital
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|
2578882 | |
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Additional Paid In Capital
AdditionalPaidInCapital
|
3322214 | |
| CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2420519 | |
| CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1677179 | |
| CY2019Q1 | us-gaap |
Stockholders Equity
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|
5000009 | |
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Stockholders Equity
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5000008 | |
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Liabilities And Stockholders Equity
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|
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|
213504932 | |
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General And Administrative Expense
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|
158655 | |
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|
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Operating Income Loss
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Investment Income Interest
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Investment Income Interest
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Interest Income Other
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Interest Income Other
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Nonoperating Income Expense
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Nonoperating Income Expense
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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|
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Net Income Loss
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|
743340 | |
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Cash Underwriting Discount Per Unit
CashUnderwritingDiscountPerUnit
|
0.20 | |
| CY2019Q1 | muds |
Cash Underwriting Discount
CashUnderwritingDiscount
|
4160000 | |
| CY2019Q1 | muds |
Deferred Underwriting Fees Per Share
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|
0.35 | |
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7280000 | |
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|
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Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
7740000 | |
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Stock Issued During The Period Value Shares Forfeited
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|
0 | |
| CY2018Q1 | muds |
Stock Issued During The Period Value Common Stock Subject To Redemption
StockIssuedDuringThePeriodValueCommonStockSubjectToRedemption
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Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
196025912 | |
| CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
743340 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6732 | |
| CY2019Q1 | us-gaap |
Interest Income Other
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|
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Interest Income Other
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|
111736 | |
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IncreaseDecreaseInPrepaidExpense
|
28543 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Expense
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|
97534 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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Increase Decrease In Accrued Income Taxes Payable
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|
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Increase Decrease In Accrued Income Taxes Payable
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|
13060 | |
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Net Cash Provided By Used In Operating Activities
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|
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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| CY2019Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
0 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
210080000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
200300 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-210080000 | |
| CY2019Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
0 | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
7740000 | |
| CY2019Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | |
| CY2018Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
242331 | |
| CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | |
| CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
293953 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | |
| CY2019Q1 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-116279 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
211043716 | |
| CY2018Q1 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
810686 | |
| CY2018Q4 | us-gaap |
Cash
Cash
|
535946 | |
| CY2017Q4 | us-gaap |
Cash
Cash
|
24945 | |
| CY2019Q1 | us-gaap |
Cash
Cash
|
419667 | |
| CY2018Q1 | us-gaap |
Cash
Cash
|
835631 | |
| CY2019Q1 | muds |
Deferred Underwriting Fees Charged To Additional Paid In Capital
DeferredUnderwritingFeesChargedToAdditionalPaidInCapital
|
0 | |
| CY2018Q1 | muds |
Deferred Underwriting Fees Charged To Additional Paid In Capital
DeferredUnderwritingFeesChargedToAdditionalPaidInCapital
|
7280000 | |
| CY2019Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | |
| CY2018Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
240135 | |
| CY2019Q1 | muds |
Initial Classification Of Common Stock Subject To Possible Redemption
InitialClassificationOfCommonStockSubjectToPossibleRedemption
|
0 | |
| CY2018Q1 | muds |
Initial Classification Of Common Stock Subject To Possible Redemption
InitialClassificationOfCommonStockSubjectToPossibleRedemption
|
198787536 | |
| CY2019Q1 | muds |
Increase Decrease In Value Of Common Stock Subject To Possible Redemption
IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption
|
743339 | |
| CY2018Q1 | muds |
Increase Decrease In Value Of Common Stock Subject To Possible Redemption
IncreaseDecreaseInValueOfCommonStockSubjectToPossibleRedemption
|
-6143 | |
| CY2019Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
203840000 | |
| CY2019Q1 | us-gaap |
Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
|
0.50 | |
| CY2019Q1 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
1500000 | |
| CY2019Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.00 | |
| CY2019Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of estimates</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the</div> condensed <div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">financial statements and the reported amounts of revenues and expenses during the reporting periods.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the </div> condensed <div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2019Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
| CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Mudrick Capital Acquisition Corp | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2019Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2019Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of credit risk</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.25in; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. At March 31, 2019 and December 31, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2019Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
| CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
| CY2019Q1 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
| CY2018Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
| CY2019Q1 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.10 | |
| CY2018Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.10 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
995951 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6328 | |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22216 | |
| CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000008 | |
| CY2019Q1 | muds |
Assets Held In Trust Account During Business Combination Description
AssetsHeldInTrustAccountDuringBusinessCombinationDescription
|
80% of the assets held in the Trust Account | |
| CY2019Q1 | muds |
Redemption Of Public Shares Description
RedemptionOfPublicSharesDescription
|
redeem 100% of its Public Shares | |
| CY2019Q1 | muds |
Limitation On Redemption Upon Completion Of Initial Business Combination Description
LimitationOnRedemptionUponCompletionOfInitialBusinessCombinationDescription
|
redeeming its shares with respect to more than an aggregate of 15% or more of the Class A common stock | |
| CY2019Q1 | muds |
Class Of Warrant Redemption Price Condition
ClassOfWarrantRedemptionPriceCondition
|
if, and only if, the last sale price of the Company’s Class A common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. | |
| CY2019Q1 | muds |
Class Of Warrant Redemption Price
ClassOfWarrantRedemptionPrice
|
0.01 | |
| CY2019Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001718405 | |
| CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2019Q1 | dei |
Trading Symbol
TradingSymbol
|
MUDS | |
| CY2019Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
| CY2019Q1 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
| CY2019Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2019Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
743339 | |
| CY2019Q1 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
19921923 | |
| CY2018Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
19848325 | |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000003 | |
| CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000009 | |
| CY2018Q1 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.10 | |
| CY2019Q1 | muds |
Proceeds Arising From Withdrawal Out Of Interest Accumulated From Investments In Trust Securities
ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities
|
200300 | |
| CY2018Q1 | muds |
Proceeds Arising From Withdrawal Out Of Interest Accumulated From Investments In Trust Securities
ProceedsArisingFromWithdrawalOutOfInterestAccumulatedFromInvestmentsInTrustSecurities
|
0 |
