10-Q Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-028682`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	nhic-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 13 Cash Flow Statement 38 Stockholders Equity 13

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Common stock shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	13.67M	shares	Point-in-time
Common stock shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	14.08M	shares	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$193.00K	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$184.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	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 current assets	`AssetsCurrent`	$772.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.58M	USD	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.60M	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
Total assets	`Assets`	$173.37M	USD	Point-in-time
Total assets	`Assets`	$174.09M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$677.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Accrued franchise taxes	`AccruedIncomeTaxesCurrent`	$50.00K	USD	Point-in-time
Accrued franchise taxes	`AccruedIncomeTaxesCurrent`	$83.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$760.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Warrant liability	`DerivativeLiabilities`	$24.16M	USD	Point-in-time
Warrant liability	`DerivativeLiabilities`	$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`	$31.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.32M	USD	Point-in-time
Common stock subject to possible redemption; 13,669,161and 14,077,350 shares (at value of approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$140.77M	USD	Point-in-time
Common stock subject to possible redemption; 13,669,161and 14,077,350 shares (at value of approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$136.69M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$16.91M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$20.99M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.91M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-15.99M	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`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$23.00K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$174.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$173.37M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.00K	USD	1 Quarter
Income from Trust Account	`InterestIncomeOther`	$19.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$2.65M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.00K	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.08M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.08M	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.08M	USD	1 Quarter
Income earned on the Trust Account	`DeferredUnderwritingCompensation`	$19.00K	USD	1 Quarter
Income earned on the Trust Account	`DeferredUnderwritingCompensation`	-	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$2.65M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$9.00K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	-	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.00K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$749.00K	USD	1 Quarter
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-34.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-749.00K	USD	1 Quarter
Cash flows from investing activities: Cash deposited in Trust Account	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	1 Quarter
Cash flows from investing activities: Cash deposited in Trust Account	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	1 Quarter
Proceeds from sale of stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from sale of stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	$7.00K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	$42.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-749.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Offering costs included in accounts payable and accrued liabilities	`OfferingCostsIncludedInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Offering costs included in accounts payable and accrued liabilities	`OfferingCostsIncludedInAccountsPayableAndAccruedLiabilities`	$10.00K	USD	1 Quarter
Change in value of Class A common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	-	USD	1 Quarter
Change in value of Class A common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$4.08M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Sponsor per share	`SponsorPerShare`	$0.01	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$23.00K	USD	Point-in-time
Change in Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$4.08M	USD	1 Quarter
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.08M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$23.00K	USD	Point-in-time

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