10-Q Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-106340`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	nhic-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 26 Cash Flow Statement 25 Stockholders Equity 20

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Payable to a related party	`DueToRelatedPartiesCurrent`	$16.00K	USD	Point-in-time
Payable to a related party	`DueToRelatedPartiesCurrent`	$16.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$181.00K	USD	Point-in-time
Common stock shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	14.08M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Common stock shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	12.91M	shares	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	Annual
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$184.00K	USD	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	2 Qtrs
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$145.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$326.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.61M	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
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.58M	USD	Point-in-time
Total assets	`Assets`	$174.09M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$172.93M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$296.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$467.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accrued liabilities, including approximately $16,000 payable to a related party	`AccruedAndOtherLiabilitiesCurrent`	$210.00K	USD	Point-in-time
Accrued liabilities, including approximately $16,000 payable to a related party	`AccruedAndOtherLiabilitiesCurrent`	$7.31M	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$83.00K	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$100.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$760.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.71M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$25.12M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$21.52M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$38.87M	USD	Point-in-time
Common stock subject to possible redemption; 12,906,585 and 14,077,350 shares (at value of approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$129.07M	USD	Point-in-time
Common stock subject to possible redemption; 12,906,585 and 14,077,350 shares (at value of approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$140.77M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	-	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 stockholders' equity	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$172.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$174.09M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.68M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.13M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.13M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.68M	USD	1 Quarter
Income from Trust Account	`InterestIncomeOther`	$29.00K	USD	2 Qtrs
Income from Trust Account	`InterestIncomeOther`	$10.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$959.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$3.60M	USD	2 Qtrs
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.00K	USD	1 Quarter
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.71M	USD	2 Qtrs
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.00K	USD	2 Qtrs
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.63M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`ProfitLoss`	$-7.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.71M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.00K	USD	2 Qtrs

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-7.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.71M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.00K	USD	2 Qtrs
Interest income earned on the Trust Account	`InterestIncomeOther`	$29.00K	USD	2 Qtrs
Interest income earned on the Trust Account	`InterestIncomeOther`	$10.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$959.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$3.60M	USD	2 Qtrs
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-39.00K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-171.00K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.00K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.10M	USD	2 Qtrs
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	2 Qtrs
Proceeds from sale of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	$25.00K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$50.00K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.15M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.00K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.33M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.00K	USD	Point-in-time
Offering costs included in accounts payable and accrued liabilities	`OfferingCostsIncludedInAccountsPayableAndAccruedLiabiliti`	$123.00K	USD	2 Qtrs
Change in value of Class A common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$-11.71M	USD	2 Qtrs
Cost paid directly by Sponsor and included in Notes payable to Sponsor	`CostPaidDirectlyBySponsorAndIncludedInNotesPayableToSponsor`	$3.00K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Sponsor per share	`SponsorPerShare`	$0.01	USD	2 Qtrs
Balance at the beginning	`StockholdersEquity`	$23.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$25.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in Class A common stock subject to possible redemption	`ChangeInClassCommonStockSubjectToPossibleRedemption`	$11.71M	USD	2 Qtrs
Change in Class A common stock subject to possible redemption	`ChangeInClassCommonStockSubjectToPossibleRedemption`	$7.63M	USD	1 Quarter
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.71M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$23.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$25.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time

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