7Baggers

Microvast Holdings, Inc.
(NASDAQ:MVST) 

MVST stock logo

Microvast, Inc. together with its subsidiaries designs and manufactures fast-charging battery power systems for commercial and specialty electric vehicles. The company provides NCM, LiFePO4, and rapid charge battery technologies. t offers sales lithium-ion battery materials, battery cells, and syste...

Founded: 2006
CEO / Founder: Wu Yang 
Sector: Industrials
Industry: Electrical Equipment & Parts
Lithium BatteryElectric Vehicles
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• Market Cap:
• Exchange:
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• Employees:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 
                                
      revenues
    		60,612,000 96,399,000 123,287,000 91,339,000 116,491,000 113,387,000 101,388,000 83,675,000 81,351,000 104,575,000 80,116,000 74,953,000 46,973,000 64,797,000 38,616,000 64,414,000 36,668,000 66,772,000 36,894,000          
      yoy
    		-47.97% -14.98% 21.60% 9.16% 43.20% 8.43% 26.55% 11.64% 73.19% 61.39% 107.47% 16.36% 28.10% -2.96% 4.67%              
      qoq
    		-37.12% -21.81% 34.98% -21.59% 2.74% 11.83% 21.17% 2.86% -22.21% 30.53% 6.89% 59.57% -27.51% 67.80% -40.05% 75.67% -45.08% 80.98%           
      cost of revenues
    		-41,456,000 -62,933,000 -76,875,000 -59,616,000 -73,475,000 -71,867,000 -67,776,000 -56,480,000 -64,126,000 -81,551,000 -62,232,000 -63,492,000 -42,115,000 -62,571,000 -36,623,000 -59,573,000 -36,655,000 -65,619,000 -72,779,000          
      gross profit
    		19,156,000 959,000 46,412,000 31,723,000 43,016,000 41,520,000 33,612,000 27,195,000 17,225,000 23,024,000 17,884,000 11,461,000 4,858,000 2,226,000 1,993,000 4,841,000 13,000 1,153,000 -35,885,000          
      yoy
    		-55.47% -97.69% 38.08% 16.65% 149.73% 80.33% 87.94% 137.28% 254.57% 934.32% 797.34% 136.75% 37269.23% 93.06% -105.55%              
      qoq
    		1897.50% -97.93% 46.30% -26.25% 3.60% 23.53% 23.60% 57.88% -25.19% 28.74% 56.04% 135.92% 118.24% 11.69% -58.83% 37138.46% -98.87% -103.21%           
      gross margin %
    		31.60% 0.99% 37.65% 34.73% 36.93% 36.62% 33.15% 32.50% 21.17% 22.02% 22.32% 15.29% 10.34% 3.44% 5.16% 7.52% 0.04% 1.73% -97.27% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 
      operating expenses:
    		                            
      general and administrative expenses
    		-12,941,000 -23,708,000 -19,663,000 -3,997,000 -10,453,000 -22,340,000 -11,841,000 -23,511,000 -23,794,000 -27,944,000 -25,402,000 -23,560,000 -20,385,000 -21,551,000 -22,585,000 -34,335,000 -26,101,000 -33,822,000 -57,058,000          
      research and development expenses
    		-8,810,000 -10,385,000 -7,757,000 -7,719,000 -8,248,000 -8,774,000 -10,692,000 -10,107,000 -11,492,000 -11,395,000 -13,241,000 -9,507,000 -10,861,000 -10,498,000 -11,457,000 -10,244,000 -11,309,000 -11,186,000 -13,518,000          
      selling and marketing expenses
    		-5,342,000 -5,968,000 -6,006,000 -3,424,000 -6,799,000 -6,996,000 -4,963,000 -5,026,000 -5,591,000 -6,698,000 -6,031,000 -5,897,000 -4,988,000 -5,242,000 -5,561,000 -5,810,000 -5,998,000 -7,189,000 -7,380,000          
      total operating expenses
    		-27,093,000 -42,803,000 -33,462,000 -16,504,000 -25,500,000 -66,359,000 -27,508,000 -103,556,000 -40,877,000 -46,037,000 -44,674,000 -38,964,000 -36,234,000 -37,291,000 -39,603,000 -50,389,000 -43,408,000 -52,197,000 -77,956,000          
      subsidy income
    		3,000 687,000 44,000 995,000 1,416,000 307,000 1,082,000 735,000 534,000 797,000 442,000 637,000 77,000 439,000 520,000 576,000 137,000 3,451,000 545,000          
      profit from operations
    		-7,934,000 12,035,000 12,994,000 16,214,000 18,932,000 -22,889,500 7,186,000                      
      other income and expenses:
    		                            
      interest income
    		382,000 346,000 236,000 198,000 177,000 191,000 186,000 246,000 119,000 128,000 582,000 1,518,000 1,381,000 1,575,000 870,000 420,000 314,000 142,000 97,000   647,420.5 579,117 983,408 1,027,157 1,254,820 1,577,268 1,670,719 
      interest expense
    		-1,227,000 -1,208,000 -1,255,000 -1,252,000 -1,188,000 -1,595,000 -4,290,000 -2,094,000 -1,732,000 -1,191,000 -491,000 -487,000 -459,000 -858,000 -774,000 -895,000 -796,000 -781,000 -1,247,000          
      changes in fair value of warrant liability and convertible loan
    		63,838,000 51,881,000 -12,641,000 -121,521,000 43,160,000                        
      foreign exchange gain
    		-6,900,000                            
      other income
    		52,000 -112,000 -84,000 120,000 320,000 -7,708,000 7,399,000  -136,000 -1,386,000 127,000 -243,000 789,000 186,000 349,000 10,000 399,000 -87,000 -19,000 -1,489,727 820,636 107,229 46,129 45,135 2,465,397 1,418,813 1,389,962 1,803,789 
      net profit
    		48,211,000 -11,439,250 -1,489,000  61,790,000 -22,504,750 13,247,000                      
      net profit per share - basic
    		0.15                            
      net profit per share - diluted
    		-0.04                            
      weighted-average shares outstanding - basic
    		332,360                            
      weighted-average shares outstanding - diluted
    		385,272                            
      impairment loss of long-lived assets
    		 -2,742,000 -36,000 -1,364,000  -28,249,000 -12,000 -64,912,000                     
      gain on debt restructuring
    		 505,000  403,000 389,000                        
      profit before provision for income taxes
    		 -11,199,500 -750,000  61,790,000 -22,504,750 13,247,000                      
      income tax expense
    		 -239,750 -739,000 -220,000                         
      net profit attributable to microvast holdings, inc.'s stockholders
    		 -11,439,250 -1,489,000  61,790,000                        
      net profit per common share
    		                            
      basic
    		 -35   190 -70 40                      
      diluted
    		 -35   50 -70 30                      
      weighted-average shares used for eps calculation
    		                            
      basic
    		  323,755,691,000  323,430,721,000  320,545,388,000                      
      diluted
    		  323,755,691,000  374,425,026,000  367,031,181,000                      
      income before provision for income taxes
    		   -105,838,000    -78,441,000 -24,825,000 -20,455,250 -26,172,000 -26,078,000 -29,571,000 -31,125,500 -36,544,000 -44,182,000 -43,776,000 -39,880,000 -116,370,000     -206,579 2,236,648 1,167,661 1,127,691 1,608,439 
      net income
    		   -106,058,000    -78,441,000 -24,825,000 -24,591,000 -26,172,000 -26,078,000 -29,571,000 -33,698,000 -36,544,000 -44,182,000 -43,776,000 -46,639,000 -116,476,000 -2,050,595 -48,825 -126,110 -101,287 -163,197 1,766,055 922,451 896,594 1,264,809 
      yoy
    		   35.21%    200.79% -16.05% -27.03% -28.38% -40.98% -32.45% -27.75% -68.63% 2054.59% 89558.99% 36882.79% 114896.00% 1156.52% -102.76% -113.67% -111.30% -112.90%     
      qoq
    		       215.98% 0.95% -6.04% 0.36% -11.81% -12.25% -7.79% -17.29% 0.93% -6.14% -59.96% 5580.11% 4099.89% -61.28% 24.51% -37.94% -109.24% 91.45% 2.88% -29.11%  
      net income margin %
    		0% 0% 0% -116.11% 0% 0% 0% -93.74% -30.52% -23.52% -32.67% -34.79% -62.95% -52.01% -94.63% -68.59% -119.38% -69.85% -315.70% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% Infinity% Infinity% Infinity% Infinity% 
      net loss attributable to microvast holdings, inc.'s stockholders
    		   -106,058,000                         
      net loss per common share
    		                            
      basic and diluted
    		   -330    -250 -80 -65 -80 -80 -100                
      weighted-average shares used for eps calculation
    		                            
      basic and diluted
    		   323,643,200,000  318,462,843  315,509,552,000 315,367,121,000 310,909,379 313,108,457,000 307,742,032,000 307,714,841,000 303,279,188 305,977,372 300,565,515 298,843,016 185,896,482 243,861,780          
      less: net profit attributable to noncontrolling interests
    		                            
      changes in fair value of warrant and convertible loan
    		     310,000 2,766,000 -1,568,000                     
      less: net loss attributable to noncontrolling interests
    		         -5,250 -42,000                  
      net profit attributable to microvast holdings, inc.'s shareholders
    		     -22,504,750 13,247,000                      
      income from operations
    		       -75,626,000 -23,118,000 -22,216,000 -26,348,000 -26,866,000 -31,299,000 -34,626,000 -37,090,000 -44,972,000 -43,258,000 -47,593,000 -113,296,000 -543,914 -890,929 -266,862 -174,340 -251,714 -228,749 -251,152 -262,271 -195,350 
      yoy
    		       181.49% -26.14% -35.84% -28.96% -40.26% -27.65% -27.25% -67.26% 8168.22% 4755.38% 17734.31% 64885.66% 116.08% 289.48% 6.26% -33.53% 28.85%     
      qoq
    		       227.13% 4.06% -15.68% -1.93% -14.16% -9.61% -6.64% -17.53% 3.96% -9.11% -57.99% 20729.76% -38.95% 233.85% 53.07% -30.74% 10.04% -8.92% -4.24% 34.26%  
      operating margin %
    		0% 0% 0% 0% 0% 0% 0% -90.38% -28.42% -21.24% -32.89% -35.84% -66.63% -53.44% -96.05% -69.82% -117.97% -71.28% -307.09% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% 
      other (expense) income
    		       601,000                     
      less: net income attributable to noncontrolling interests
    		           11,000 10,000                
      net loss attributable to microvast holdings, inc.'s shareholders
    		       -78,441,000 -24,825,000 -20,450,000 -26,130,000 -26,089,000 -29,581,000                
      changes in fair value of warrant liability
    		        42,000 -6,250 -42,000  17,000                
      loss on changes in fair value of convertible notes
    		                 -2,465,250 -3,018,000          
      gain on changes in fair value of warrant liability
    		             58,000 101,000 1,255,000             
      less: accretion of series c1 preferred
    		                 564,250 251,000          
      less: accretion of series c2 preferred
    		                 1,283,000 570,000          
      less: accretion of series d1 preferred
    		                 2,677,000 1,190,000          
      less: accretion for noncontrolling interests
    		                  1,516,000          
      net loss attributable to common stock shareholders of microvast holdings, inc.
    		             -33,698,000 -36,544,000 -44,182,000 -43,776,000 -46,639,000 -120,003,000          
      net income per share
    		                            
      basic and diluted
    		             -0.11 -0.12 -0.15 -0.15 0.01 -0.49          
      loss on changes in fair value of warrant liability
    		                -435,000            
      gain on change in fair value of warrant liability
    		                 1,356,000 1,113,000          
      income tax benefit
    		                 -81,000 -106,000          
      operating and formation costs
    		                   543,914 890,929        
      other income:
    		                            
      interest income earned on marketable securities held in trust account
    		                   10,503 35,796        
      unrealized gain on marketable securities held in trust account
    		                   -420 420   -938,273 1,438,240   133,070 
      change in the fair value of convertible promissory notes – related party
    		                   -380,000 -356,000        
      change in fair value of warrant liability
    		                   -1,119,810 1,140,420        
      income before income taxes
    		                   -2,033,641 -70,293 475,464.5 -128,211      
      benefit from income taxes
    		                   -16,954         
      basic and diluted weighted-average shares outstanding, common stock subject to possible redemption
    		                   27,590,813 26,675,733 27,104,439       
      basic and diluted net income per share, common stock subject to possible redemption
    		                            
      basic and diluted weighted-average shares outstanding, non-redeemable common stock
    		                   7,887,000         
      basic net loss per common share, non-redeemable common stock
    		                   -0.26 -0.01        
      benefit for income taxes
    		                    21,468 -100,071.75 26,924 43,382     
      basic weighted-average shares outstanding, non-redeemable common stock
    		                    8,808,069        
      diluted weighted-average shares outstanding, non-redeemable common stock
    		                    17,137,983        
      diluted net loss per common share, non-redeemable common stock
    		                    -0.07        
      operating costs
    		                     163,700.75 174,340 251,714 228,749 131,915.75 262,271 195,350 
      unrealized loss on marketable securities held in trust account
    		                     -8,255.25 -532,988   -8,773.5 -187,306  
      weighted-average shares outstanding, basic and diluted
    		                      8,387,847 8,404,474 8,360,523  8,274,315 8,305,310 
      basic and diluted net loss per common share
    		                     -0.015 -0.01 -0.02 -0.02 -0.03 -0.02 -0.02 
      provision for income taxes
    		                        -470,593 -245,210 -231,097 -343,630 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 
                                 
        assets
      		                           
        cash and cash equivalents
      		126,129,000 104,963,000 90,748,000 99,721,000 90,898,000 73,007,000 63,585,000 68,183,000 39,451,000 44,541,000 67,398,000 142,766,000 200,305,000 231,420,000 295,816,000 333,867,000 416,165,000 357,008,000 572,609,000         
        restricted cash
      		47,865,000 64,275,000              63,065,000 54,568,000  39,900,000         
        accounts receivable
      		123,592,000 155,763,000 149,274,000 125,920,000 135,654,000 120,626,000 121,539,000 104,976,000 123,543,000 138,717,000 116,300,000 106,094,000 88,911,000 119,304,000 82,707,000 104,992,000 79,970,000  67,243,000         
        notes receivable
      		5,511,000 5,590,000 1,497,000 4,206,000 10,362,000 7,579,000 10,937,000 10,872,000 12,162,000 23,736,000 20,161,000 17,724,000 21,202,000 2,196,000 4,505,000 30,448,000 24,688,000  10,260,000         
        inventories
      		95,037,000 89,411,000 126,942,000 141,749,000 129,059,000 143,327,000 157,769,000 152,509,000 137,330,000 149,749,000 126,913,000 86,760,000 87,669,000 84,252,000 82,262,000 64,460,000 58,081,000  47,820,000         
        prepaid expenses and other current assets
      		16,189,000 17,221,000 24,925,000 19,896,000 30,027,000 27,019,000 23,483,000 16,675,000 20,973,000 25,752,000 25,840,000 20,620,000 13,472,000 12,093,000 19,060,000 14,531,000 19,691,000  12,964,000 39,524 18,801 22,499 87,915 156,161 216,074 186,247 173,792 
        assets held for sale
      		11,500,000 11,500,000  4,000,000 19,896,000 19,896,000                      
        total current assets
      		425,823,000 448,723,000 445,265,000 434,591,000 447,992,000 428,026,000 437,571,000 418,049,000 378,152,000 425,606,000 403,911,000 426,996,000 497,036,000 545,067,000 567,529,000 611,363,000 653,163,000 357,008,000 750,924,000 105,999 62,897 158,460 343,801 300,635 412,053 396,368 677,167 
        property, plant and equipment
      		510,050,000 508,057,000 524,016,000 521,951,000 485,157,000 478,189,000 527,160,000 519,432,000 616,508,000 620,667,000 549,544,000 497,847,000 443,051,000 335,140,000 286,346,000 278,443,000 271,248,000  222,771,000         
        land use rights
      		11,654,000 11,570,000 11,439,000 11,440,000 11,366,000 11,371,000 11,902,000 11,565,000 11,712,000 11,984,000 11,734,000 11,878,000 12,618,000 12,639,000 12,328,000 13,171,000 13,999,000  13,935,000         
        acquired intangible assets
      		2,077,000 2,183,000 2,281,000 2,394,000 2,496,000 2,607,000 2,788,000 2,854,000 2,985,000 3,136,000 3,210,000 3,343,000 3,691,000 1,636,000 1,696,000 1,758,000 1,821,000  2,024,000         
        operating lease right-of-use assets
      		16,769,000 17,336,000 18,116,000 18,967,000 18,205,000 17,628,000 19,468,000 19,601,000 18,777,000 19,507,000 19,612,000 21,001,000 18,461,000 16,368,000 15,509,000 17,123,000 18,388,000           
        deferred tax assets
      		5,429,000 5,429,000                     6,934     
        other non-current assets
      		15,694,000 12,150,000 12,490,000 15,349,000 17,716,000 14,024,000 11,090,000 11,494,000 9,954,000 9,661,000 28,540,000 36,596,000 29,113,000 73,642,000 52,816,000 49,786,000 40,096,000  702,000         
        total assets
      		987,496,000 1,005,448,000 1,013,607,000 1,004,692,000 982,932,000 951,867,000 1,021,000,000 984,559,000 1,040,648,000 1,096,732,000 1,016,562,000 997,672,000 1,003,981,000 984,957,000 972,928,000 971,644,000 998,715,000 1,047,040,000 990,356,000 281,777,993 282,354,091 282,413,438 282,531,168 282,567,938 282,815,097 280,499,613 279,586,969 
        liabilities
      		                           
        accounts payable
      		46,370,000 47,003,000 59,797,000 72,497,000 56,771,000 64,940,000 65,589,000 79,891,000 83,071,000 112,618,000 95,294,000 54,319,000 41,243,000 44,985,000 35,972,000 39,578,000 32,007,000  36,557,000         
        notes payable
      		52,263,000 78,321,000 57,197,000 43,827,000 47,901,000 51,756,000 56,314,000 48,388,000 63,355,000 63,374,000 39,329,000 50,114,000 67,804,000 68,441,000 72,811,000 76,605,000 70,677,000  43,131,000         
        accrued expenses and other current liabilities
      		109,472,000 123,315,000 128,770,000 101,502,000 104,136,000 98,456,000 104,202,000 142,773,000 137,231,000 148,284,000 121,816,000 116,449,000 93,147,000 66,720,000 79,520,000 66,793,000 61,103,000 35,000 48,065,000         
        advance from customers
      		6,663,000 5,605,000 5,678,000 41,542,000 44,204,000 43,678,000 42,950,000 40,810,000 41,276,000 43,087,000 54,482,000 53,058,000 53,059,000 54,207,000 6,589,000 4,558,000 3,601,000  2,343,000         
        amounts due to related parties
      		17,000 2,000    5,000                      
        convertible loan measured at fair value
      		76,456,000 140,929,000 193,474,000 181,475,000 60,996,000                       
        short-term bank borrowings
      		111,152,000 93,052,000 84,390,000 83,166,000 86,241,000 70,666,000 66,177,000 60,034,000 41,034,000 35,392,000 24,818,000 18,117,000 21,842,000 17,398,000 7,029,000 8,807,000 13,335,000  22,851,000         
        bonds payable
      		41,693,000                           
        total current liabilities
      		444,086,000 488,341,000 529,961,000 524,663,000 339,906,000 330,153,000 335,888,000 372,549,000 366,620,000 403,410,000 336,391,000 292,710,000 277,753,000 252,409,000 231,835,000 226,261,000 181,390,000 359,237,000 153,612,000 801,468 941,070 645,704 626,108 456,598 543,522 269,055  
        long-term bonds payable
      		 41,693,000 41,693,000 41,693,000 41,693,000 43,157,000 43,157,000 43,157,000 43,157,000 43,157,000 43,888,000 43,888,000 43,888,000 43,888,000 43,888,000 43,888,000 73,147,000  73,147,000         
        long-term bank borrowings
      		27,617,000 13,227,000 34,396,000 34,181,000 41,302,000 41,062,000 53,397,000 34,203,000 43,031,000 43,761,000 30,839,000 31,029,000 29,122,000 28,997,000 37,956,000             
        operating lease liabilities
      		13,984,000 14,476,000 15,076,000 15,656,000 14,793,000 14,596,000 16,326,000 16,363,000 16,234,000 17,087,000 16,951,000 18,003,000 15,825,000 14,347,000 13,530,000 14,936,000 16,146,000           
        other non-current liabilities
      		35,703,000 37,100,000 33,984,000 31,837,000 29,845,000 30,003,000 38,486,000 26,678,000 25,238,000 24,861,000 20,817,000 32,046,000 31,317,000 32,082,000 29,564,000 32,171,000 36,233,000  35,511,000         
        total liabilities
      		521,390,000 594,935,000 655,495,000 648,562,000 528,697,000 563,972,000 511,797,000 506,456,000 494,502,000 532,542,000 449,224,000 417,955,000 398,152,000 371,980,000 357,072,000 317,640,000 341,340,000 360,342,000 273,572,000 6,671,298 5,061,090 867,172 826,108 761,591 845,553 296,124 305,931 
        commitments and contingencies
      		                           
        stockholders’ equity
      		                           
        common stock
      		34,000  33,000 33,000 33,000  33,000 32,000 32,000 32,000 32,000 31,000 31,000 31,000 31,000 30,000 30,000 30,000 30,000         
        preferred stock
      		                           
        additional paid-in capital
      		1,544,805,000  1,515,285,000 1,514,531,000 1,513,685,000  1,512,410,000 1,506,031,000 1,493,139,000 1,481,241,000 1,468,173,000 1,452,189,000 1,434,221,000  1,398,171,000 1,378,774,000 1,320,367,000 1,306,034,000 1,291,199,000   257,314      
        statutory reserves
      		6,032,000  6,032,000 6,032,000 6,032,000  6,032,000 6,032,000 6,032,000  6,032,000 6,032,000 6,032,000  6,032,000 6,032,000 6,032,000 6,032,000 6,032,000         
        accumulated deficit
      		-1,073,965,000  -1,138,715,000 -1,137,226,000 -1,031,168,000  -987,520,000 -1,000,767,000 -922,326,000  -872,965,000 -846,835,000 -820,746,000  -757,467,000 -720,923,000 -676,741,000 -632,099,000 -585,460,000         
        accumulated other comprehensive loss
      		-10,800,000  -24,523,000 -27,240,000 -34,347,000  -21,752,000 -33,225,000 -30,731,000  -35,925,000 -33,745,000 -15,861,000               
        total equity
      		466,106,000  358,112,000 356,130,000 454,235,000  509,203,000 478,103,000 546,146,000  567,338,000 579,717,000 605,829,000               
        total liabilities and equity
      		987,496,000  1,013,607,000 1,004,692,000 982,932,000  1,021,000,000 984,559,000 1,040,648,000  1,016,562,000 997,672,000 1,003,981,000               
        current assets:
      		                           
        current liabilities:
      		                           
        income tax payables
      		 99,000 655,000 654,000 653,000 652,000 656,000 653,000 653,000 655,000 652,000 653,000 658,000 658,000 655,000 661,000 667,000  665,000         
        warrant liability
      		 15,000 287,000 434,000 64,000 290,000 1,000 3,000 25,000 67,000 151,000 109,000 109,000 126,000 184,000 285,000 1,540,000 1,105,000 2,461,000 4,183,830 3,064,020       
        share-based compensation liability
      		 98,000 98,000 98,000 98,000 98,000 119,000 190,000 197,000 199,000 187,000 170,000 138,000 131,000 115,000 99,000 32,884,000  8,841,000         
        restricted cash, current
      		  51,879,000 39,099,000 32,096,000 36,572,000 40,361,000 34,737,000 44,693,000 37,477,000 21,803,000 27,542,000 60,164,000 70,732,000 83,179,000             
        restricted cash, non-current
      		     22,000 11,021,000 1,564,000 2,560,000 6,171,000 11,000 11,000 11,000 465,000 36,704,000             
        short-term investments
      		         5,634,000 25,496,000 25,490,000 25,313,000 25,070,000              
        convertible loan with shareholder measured at fair value
      		     104,613,000 24,423,000                     
        shareholders’ equity
      		                           
        held-for-sale assets
      		      19,897,000 30,097,000                    
        convertible loan with shareholder
      		       13,313,000                    
        total microvast holding, inc. shareholders’ equity
      		          565,347,000 577,672,000 603,677,000               
        noncontrolling interests
      		          1,991,000 2,045,000 2,152,000               
        amounts due from related parties
      		                           
        amount due from related parties
      		                  128,000         
        bonds payable-current
      		              29,259,000 29,259,000            
        accumulated other comprehensive income
      		              -30,911,000 -9,909,000 7,687,000 6,701,000 4,983,000         
        total shareholders’ equity
      		              615,856,000 654,004,000 657,375,000           
        total liabilities and shareholders’ equity
      		              972,928,000 971,644,000 998,715,000           
        amount due from subsidiaries
      		                           
        investments in subsidiaries
      		                 690,032,000          
        amount due to inter-company
      		                 359,202,000          
        deposit liability for series b2 preferred
      		                           
        mezzanine equity
      		                           
        series c1 preferred
      		                           
        series c2 preferred
      		                           
        series d1 preferred
      		                           
        total mezzanine equity
      		                           
        shareholders’ deficit
      		                           
        total shareholders’ (deficit)/equity
      		                 686,698,000 716,784,000         
        total liabilities, mezzanine equity and shareholders’ equity
      		                 1,047,040,000 990,356,000         
        deposit liability for series b2 convertible preferred shares
      		                           
        series c1 convertible redeemable preferred shares
      		                           
        series c2 convertible redeemable preferred shares
      		                           
        series d1 convertible redeemable preferred shares
      		                           
        redeemable noncontrolling interests
      		                           
        current assets
      		                           
        cash
      		                   66,475 44,096 135,961 255,886 144,474 195,979 140,303 440,786 
        cash and marketable securities held in trust account
      		                   281,671,994 282,291,194 282,254,978      
        liabilities and stockholders’ (deficit) equity
      		                           
        current liabilities
      		                           
        accounts payable and accrued expenses
      		                   801,468 638,523 320,978 261,636 174,296 114,032 269,055 305,931 
        income taxes payable
      		                    302,547 302,547 364,472 279,469 125,813   
        advances from related party
      		                     22,179      
        convertible promissory notes – related party
      		                   1,686,000 1,056,000       
        deferred tax liability
      		                     21,468  104,993 302,031 27,069  
        commitments
      		                           
        common stock subject to possible redemption, 27,583,510 and 26,675,733 as of june 30, 2021 and december 31, 2020, respectively
      		                   281,581,276        
        stockholders’ (deficit) equity
      		                           
        preferred stock, 0.0001 par value...
      		                           
        common stock, 0.0001 par value...
      		                   789 789 840 838 839 840 836 833 
        additional paid in capital
      		                      131,206 29,917  1,632,786 2,555,238 
        (accumulated deficit)/retained earnings
      		                   -6,475,370 -4,472,021       
        total stockholders’ (deficit) equity
      		                   -6,474,581 -4,471,232       
        total liabilities and stockholders’ (deficit) equity
      		                   281,777,993 282,354,091       
        operating and formation costs
      		                   543,914 890,929       
        income from operations
      		                   -543,914 -890,929       
        other income:
      		                           
        interest income earned on marketable securities held in trust account
      		                   10,503 35,796       
        unrealized gain on marketable securities held in trust account
      		                   -420 420       
        change in the fair value of convertible promissory notes – related party
      		                   -380,000 -356,000       
        change in fair value of warrant liability
      		                   -1,119,810 1,140,420       
        other income
      		                   -1,489,727 820,636       
        income before income taxes
      		                   -2,033,641 -70,293       
        benefit from income taxes
      		                   -16,954        
        net income
      		                   -2,050,595 -48,825       
        basic and diluted weighted-average shares outstanding, common stock subject to possible redemption
      		                   27,590,813 26,675,733       
        basic and diluted net income per share, common stock subject to possible redemption
      		                           
        basic and diluted weighted-average shares outstanding, non-redeemable common stock
      		                   7,887,000        
        basic net income per common share, non-redeemable common stock
      		                   -0.26 -0.01       
        common stock subject to possible redemption, 27,596,802 and 26,675,733 as of march 31, 2021 and december 31, 2020, respectively
      		                    281,764,233       
        benefit for income taxes
      		                    21,468       
        basic weighted-average shares outstanding, non-redeemable common stock
      		                    8,808,069       
        diluted weighted-average shares outstanding, non-redeemable common stock
      		                    17,137,983       
        diluted net income per common share, non-redeemable common stock
      		                    -0.07       
        prepaid income taxes
      		                         69,818 62,589 
        liabilities and stockholders’ equity
      		                           
        convertible promissory note – related party
      		                     200,000 200,000 200,000    
        common stock subject to possible redemption 27,087,556 and 27,126,477 at december 31, 2020 and 2019, respectively
      		                     276,546,264      
        retained earnings
      		                     4,741,848 4,867,958 4,969,245 4,999,162   
        total stockholders’ equity
      		                     5,000,002 5,000,002 5,000,001 5,000,002 5,000,009 5,000,007 
        total liabilities and stockholders’ equity
      		                     282,413,438 282,531,168 282,567,938 282,815,097 280,499,613 279,586,969 
        marketable securities held in trust account
      		                      282,180,433 282,267,303 282,403,044 280,103,245 278,902,432 
        common stock subject to possible redemption, 27,110,573 and 27,126,477 shares at redemption value at september 30, 2020 and december 31, 2019, respectively
      		                      276,705,058     
        due to affiliate
      		                       2,833 303,677   
        common stock subject to possible redemption, 27,099,153 and 27,126,477 shares at redemption value at june 30, 2020 and december 31, 2019, respectively
      		                       276,806,346    
        common stock subject to possible redemption, 27,082,526 and 27,126,477 shares at redemption value at march 31, 2020 and december 31, 2019, respectively
      		                        276,969,542   
        deferred offering costs
      		                           
        promissory note – related party
      		                           
        common stock subject to possible redemption, 27,126,477 and no shares at redemption value at december 31, 2019 and 2018, respectively
      		                         275,203,480  
        retained earnings/
      		                         3,366,387 2,443,936 
        deferred tax asset
      		                          7,370 
        common stock subject to possible redemption, 27,157,275 and no shares at redemption value at september 30, 2019 and december 31, 2018, respectively
      		                          274,281,031 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 
                                   
          cash flows from operating activities
        		                           
          net profit
        		48,211,000    61,790,000                       
          adjustments to reconcile net profit to net cash from operating activities:
        		                           
          depreciation of property, plant and equipment
        		8,082,000 8,189,000 8,078,000 8,106,000 7,985,000 7,615,000 7,530,000 7,442,000 7,470,000 7,498,000 4,846,000 4,905,000 4,892,000 4,650,000 4,784,000 5,067,000 5,310,000 5,577,000          
          noncash lease expenses
        		717,000 655,000 651,000 645,000 666,000 682,000 677,000 663,000 664,000 656,000 643,000 807,000 658,000 552,000 550,000 555,000 557,000           
          share-based compensation
        		1,008,000 795,000 728,000 846,000 703,000 551,000 6,301,000 12,123,000 11,865,000 13,330,000 15,862,000 17,850,000 17,929,000 17,883,000 19,275,000 25,520,000 28,130,000 24,604,000          
          changes in fair value of warrant liability and convertible loan
        		-63,838,000 -51,881,000 12,641,000                         
          (reversal) provision of credit losses
        		-799,000                           
          product warranty
        		2,417,000 3,797,000 4,864,000 3,687,000 4,825,000 2,473,000 4,024,000 3,060,000 3,269,000 3,671,000 3,567,000 2,920,000 2,530,000 5,834,000 2,028,000 3,550,000 2,685,000 8,322,000          
          other
        		1,680,000                           
          changes in operating assets and liabilities:
        		                           
          notes receivable
        		-3,277,000 -9,073,000 -4,313,000 -8,694,000 -5,263,000 -2,674,000 -1,116,000 -299,000 10,577,000 -2,966,000 -2,564,000 1,532,000 -21,340,000 1,801,000 22,033,000 -7,179,000 -13,468,000 -766,000          
          accounts receivable
        		33,464,000 -4,299,000 -22,447,000 13,595,000 -14,108,000 -9,366,000 -11,465,000 17,611,000 12,011,000 -20,848,000 -11,162,000 -22,042,000 32,293,000 -33,900,000 16,832,000 -30,602,000 8,746,000 -21,269,000          
          inventories
        		-7,000,000 9,707,000 10,331,000 -8,732,000 15,783,000 3,598,000 -2,690,000 -17,795,000 16,341,000 -19,933,000 -37,863,000 -9,571,000 -7,039,000 -4,177,000 -23,611,000 -11,028,000 -4,878,000 -10,765,000          
          prepaid expenses and other current assets
        		918,000 1,332,000 -1,262,000 11,232,000 -2,402,000 949,000 -6,122,000 4,157,000 4,305,000 -1,625,000 -5,824,000 -5,985,000 -857,000 7,392,000 -5,453,000 4,275,000 -2,586,000 -4,106,000 -6,856,975 -20,723 3,698 68,246 59,913 -29,827    
          amounts due from/to related parties
        		15,000                           
          operating lease right-of-use assets
        		-401,000 146,000 163,000 -130,000 -654,000 41,000 107,000 -1,605,000 -323,000 142,000 262,000 -3,357,000 -2,493,000 -91,000 -24,000 -315,000 -18,945,000           
          other non-current assets
        		1,754,000 -441,000 758,000 1,700,000 -1,388,000 -10,010,000 9,081,000 231,000 -275,000 106,000 -852,000 -89,000 288,000 -498,000 105,000 162,000 -51,000 -2,187,000          
          notes payable
        		-27,045,000 19,823,000 13,026,000 -4,651,000 -4,150,000 -2,421,000 6,078,000 -14,610,000 1,042,000 22,563,000 -10,553,000 -14,581,000 -936,000 -6,452,000 705,000 9,846,000 9,391,000 17,291,000          
          accounts payable
        		-1,262,000 -13,380,000 -13,077,000 14,811,000 -8,547,000 2,711,000 -16,718,000 -2,673,000 -27,843,000 15,176,000 41,629,000 15,727,000 -3,956,000 7,675,000 -1,337,000 9,413,000 -8,605,000 3,445,000          
          advance from customers
        		980,000 -171,000 -35,897,000 -2,741,000 462,000 1,033,000 1,928,000 -431,000 -1,694,000 -11,464,000 1,483,000 211,000 -1,179,000 47,414,000 2,378,000 1,167,000 2,063,000 -841,000          
          accrued expenses and other liabilities
        		-16,290,000 298,000 37,091,000 -9,990,000 -6,812,000 16,608,000 -20,720,000 -1,751,000 -10,623,000 7,976,000 -2,394,000 4,454,000 -3,434,000 -12,471,000 1,501,000 -7,539,000 -6,165,000 424,000          
          operating lease liabilities
        		-255,000 -605,000 -541,000 -300,000 -340,000 -738,000 -602,000 233,000 -500,000 -494,000 -604,000 2,125,000 1,239,000 -390,000 -449,000 -308,000 16,146,000           
          other non-current liabilities
        		-1,875,000 2,839,000 986,000 269,000 528,000 -4,023,000 4,868,000 2,937,000 -126,000 635,000 -104,000 -107,000 -108,000 -104,000 -106,000 1,231,000 -75,000 -74,000          
          net cash (used in) generated from operating activities
        		-22,796,000       111,000 2,031,000                   
          cash flows from investing activities
        		                           
          purchases of property, plant and equipment
        		-2,855,000 -643,000 -13,984,000 -2,861,000 -2,346,000 -355,000 -14,180,000 -2,945,000 -10,241,000 -33,214,000 -59,944,000 -57,708,000 -35,922,000 -66,158,000 -16,807,000 -26,854,000 -41,061,000 -47,144,000          
          proceeds on disposal of property, plant and equipment
        		51,000 53,000 3,607,000 115,000 14,000 175,000 9,650,000 28,000 152,000 770,000 231,000 308,000 340,000 2,000 1,000 1,000 1,000           
          net cash from investing activities
        		-2,804,000 -590,000 -10,377,000 -2,746,000 -2,332,000 -180,000 -4,530,000 -2,917,000 -4,525,000 -12,485,000 -59,719,000 -57,576,000 -35,825,000 -91,226,000 -16,806,000 -26,853,000 -41,060,000 -47,144,000 -41,347,283   132,999 180,876 165,598    
          cash flows from financing activities
        		                           
          proceeds from bank borrowings
        		51,721,000                           
          repayment of bank borrowings
        		-20,804,000 -30,105,000 -9,781,000 -43,122,000 -13,062,000 -34,424,000 -8,375,000 -10,929,000 -12,520,000 -7,833,000 -2,347,000   0 -7,150,000   -21,903,000          
          repayment of bonds payable
        		 0 0 0 -1,375,000                       
          payment for equity issuance costs
        		-224,000                           
          deferred payment related to purchases of property, plant and equipment
        		-1,368,000 -6,633,000 -3,443,000 -4,524,000 -4,287,000 -5,766,000                      
          net cash generated from financing activities
        		29,325,000    9,463,000 -9,046,000 18,147,000 22,228,000 6,260,000 20,888,000 6,860,000 909,000 4,384,000  38,092,000             
          effect of exchange rate changes on cash, cash equivalents and restricted cash
        		1,031,000                           
          increase in cash, cash equivalents and restricted cash
        		4,756,000 26,611,000 3,807,000 15,826,000 13,393,000 -5,366,000 10,483,000           -76,400,000          
          cash, cash equivalents and restricted cash at beginning of the period
        		169,238,000  0 0 109,601,000  0 0 88,189,000  0 0 302,617,000  0 0 536,109,000 0          
          cash, cash equivalents and restricted cash at end of the period
        		173,994,000  3,807,000 15,826,000 122,994,000  10,483,000 17,780,000 86,704,000  -81,107,000 -90,161,000 260,480,000  18,767,000 -73,801,000 470,733,000 -76,400,000          
          net loss
        		 16,539,000 -1,489,000   -105,438,000 13,247,000 -78,441,000 -24,825,000 -24,591,000 -26,172,000 -26,078,000 -29,571,000 -33,698,000 -36,544,000 -44,182,000 -43,776,000 -46,639,000          
          adjustments to reconcile net loss to net cash from operating activities:
        		                           
          loss on disposal of property, plant and equipment
        		 2,000 265,000 52,000 95,000 34,000 794,000 50,000 -34,000 1,115,000 6,000 2,000 824,000 -25,000 -2,000 1,000 12,000 7,000          
          gain on debt restructuring
        		 -505,000 0 -403,000 -389,000                       
          interest expense
        		     0 1,626,000                     
          amortization of land use rights and intangible assets
        		                           
          allowance of credit losses
        		 6,147,000 -347,000 833,000 1,358,000                       
          write-down for obsolete inventories
        		 28,998,000    254,000 1,295,000                     
          impairment loss of long-lived assets
        		                           
          deferred income taxes
        		                           
          net cash generated from operating activities
        		 16,422,000 15,163,000 37,154,000 7,169,000             -20,386,000          
          purchase of short-term investments
        		         -5,541,000 -6,000 -176,000 -243,000               
          proceeds from maturity of short-term investments
        		     0 0 0 5,564,000                   
          convertible loan
        		                           
          payment for debt issuance costs
        		                           
          proceeds from sale of common stocks
        		                           
          net cash from financing activities
        		                   114,289 477,821 -2,833      
          effect of exchange rate changes
        		 3,918,000 1,766,000 -2,320,000 -907,000 -2,241,000 2,295,000 -1,642,000 -5,251,000 -4,473,000 1,094,000 -3,652,000 470,000 2,736,000 -7,459,000 -4,461,000 598,000 551,000          
          cash, cash equivalents and restricted cash at beginning of the year
        		                           
          cash, cash equivalents and restricted cash at end of the year
        		                           
          reconciliation to amounts on consolidated balance sheets
        		                           
          cash and cash equivalents
        		                           
          restricted cash
        		                           
          total cash, cash equivalents and restricted cash
        		                           
          supplemental disclosure of cash flow information
        		                           
          interest paid
        		                           
          income tax paid
        		                           
          non-cash investing and financing activities
        		                           
          payable for purchase of property, plant and equipment
        		                           
          notes receivable in exchange for property, plant and equipment
        		                           
          amortization of land use right and intangible assets
        		  194,000 192,000 192,000  194,000 193,000 194,000  194,000 194,000 205,000  137,000 140,000 143,000           
          impairment loss from long-lived asset
        		  36,000    12,000                     
          amounts due to related parties
        		  0 0 -5,000                       
          proceeds from borrowings
        		  10,479,000 31,384,000 28,187,000  29,911,000 21,682,000 18,780,000  9,207,000 4,848,000 4,384,000  45,242,000   12,323,000          
          payment for debt issue costs
        		     0 0                     
          net cash (used in)/ generated from financing activities
        		  -2,745,000                         
          changes in fair value of warrant and convertible loan
        		    -43,160,000  -2,766,000                     
          impairment loss from long-lived assets
        		                           
          convertible loan borrowed from a shareholder
        		                           
          (reversal)/ allowance of credit losses
        		      -992,000 177,000 578,000                   
          net cash from operating activities
        		         -4,953,000 -29,342,000 -29,842,000 -11,166,000  4,940,000 -38,621,000 -24,914,000   -721,193 -569,686 -18,754 -435,214 -109,922    
          capital expenditures
        		         -33,214,000 -59,944,000 -57,708,000 -35,922,000  -16,807,000 -26,854,000 -41,061,000   0 0 0 0 0    
          free cash flows
        		         -38,167,000 -89,286,000 -87,550,000 -47,088,000  -11,867,000 -65,475,000 -65,975,000   -721,193 -569,686 -18,754 -435,214 -109,922    
          convertible loan borrowing from a shareholder
        		      13,000,000                     
          changes in fair value of warrant liability
        		        -42,000 -84,000 42,000 0 -17,000 -58,000 -101,000 -1,255,000 435,000 -1,356,000          
          decrease in cash, cash equivalents and restricted cash
        		        -1,485,000  -81,107,000 -90,161,000 -42,137,000  18,767,000 -73,801,000 -65,376,000           
          changes in fair value of bridge notes
        		                           
          provision for obsolete inventories
        		         2,685,000 0   1,641,000 1,229,000 1,448,000 471,000 5,628,000          
          impairment loss from property, plant and equipment
        		         31,000 422,000   252,000 1,053,000 487,000 6,000 1,576,000          
          loans borrowing from related parties
        		                 0          
          repayment of related party loans
        		                 0          
          cash received from the trust account upon merger, net of transaction costs
        		                           
          cash received from private investment in public equity
        		                           
          payment to exited noncontrolling interests
        		                 0          
          issuance of bridge notes
        		                           
          allowance/(reversal) of credit losses
        		                           
          reversal of credit losses
        		           262,000 -1,094,000    -545,000           
          adjustments to reconcile net loss to net cash generated from operating activities:
        		                           
          (reversal)/allowance of doubtful accounts
        		                           
          income tax payables
        		                           
          net cash (used in)/generated from financing activities
        		                 -9,421,000          
          payable for redemption of noncontrolling interest
        		                           
          changes in fair value of convertible notes
        		                           
          amount due from/to related parties
        		              0 0 85,000 44,000          
          merger and private investment in public equity (“pipe”) financing
        		                           
          payment for transaction fee in connection with the merger
        		                           
          issuance of convertible notes
        		                           
          (reversal) allowance of credit losses
        		                           
          loans to related party
        		                           
          repayment of loan
        		                           
          cash received from private investment in public equity (“pipe”) investors upon merger
        		                           
          (reversal) allowance of doubtful accounts
        		                           
          cash flows from operating activities:
        		                           
          net income
        		                   -2,050,595 -48,825 -101,287 -163,197 1,766,055 -368,215 981,484 283,325 
          adjustments to reconcile net income to net cash from operating activities:
        		                           
          change in fair value of warrant liability
        		                   1,119,810 -1,140,420       
          change in fair value of convertible promissory notes – related party
        		                   380,000 356,000       
          interest earned on marketable securities held in trust account
        		                   -10,503 -35,796 -579,117 -983,408 -1,027,157    
          unrealized (gain) on marketable securities held in trust account
        		                           
          deferred tax liability
        		                   0 -21,468       
          prepaid income taxes
        		                     0 0 69,818    
          accounts payable and accrued expenses
        		                   162,945 317,545 87,340 60,264 -155,023    
          income taxes payable
        		                     85,003 153,656 125,813    
          cash flows from investing activities:
        		                           
          cash withdrawn from trust account for redemptions
        		                           
          cash withdrawn from trust account to pay income taxes
        		                     132,999 180,876 165,598    
          cash flows from financing activities:
        		                           
          advances from related party
        		                           
          redemption of common shares
        		                           
          repayment of advances from related party
        		                   0 -22,179       
          proceeds from convertible promissory notes – related party
        		                   250,000 500,000       
          net change in cash
        		                   22,379 -91,865 111,412 -51,505 55,676    
          cash – beginning
        		                   0 135,961 0 0 140,303    
          cash – ending
        		                   22,379 44,096 111,412 -51,505 195,979    
          supplemental cash flow information:
        		                           
          cash paid for income taxes
        		                           
          non-cash investing and financing activities:
        		                           
          change in value of common stock subject to possible redemption
        		                   -318,668 9,422,413 -101,288 -163,196 1,766,062    
          ●
        		                           
          unrealized loss on marketable securities held in trust account
        		                    -420       
          due to affiliate
        		                       303,677    
          common stock subject to possible redemption
        		                           
          numerator: earnings allocable to common stock subject to possible redemption
        		                           
          unrealized gain on marketable securities held in trust account
        		                    420       
          less: company’s portion available to pay taxes
        		                    -28,532       
          net earnings allocable to common stock subject to possible redemption
        		                    7,684       
          denominator: weighted-average common stock subject to possible redemption
        		                           
          basic and diluted weighted-average shares outstanding
        		                    26,675,733       
          basic and diluted net income per common share
        		                       -0.02 0   
          non-redeemable common stock
        		                           
          basic loss per share
        		                           
          numerator net income minus net earnings
        		                           
          less: net earnings allocable to common stock subject to possible redemption
        		                    -7,684       
          non-redeemable net income – basic
        		                    -56,509       
          denominator: weighted-average non-redeemable common stock
        		                           
          basic weighted-average shares outstanding
        		                    8,808,069       
          basic net income per common share
        		                    -0.01       
          diluted loss per share
        		                           
          numerator: non-redeemable net income minus change in fair value of warrant liability
        		                           
          less: change in fair value of warrant liability
        		                    -1,140,420       
          non-redeemable net income – diluted
        		                    -1,196,929       
          diluted weighted-average shares outstanding
        		                    17,137,983       
          diluted net income per common share
        		                    -0.07       
          deferred tax benefit
        		                           
          investment of cash in trust account
        		                           
          proceeds from sale of units, net of underwriting discounts paid
        		                           
          proceeds from sale of private units
        		                           
          due to related party
        		                     0      
          repayment of due to related party
        		                           
          proceeds from convertible promissory note – related party
        		                     0      
          proceeds from promissory note – related party
        		                           
          repayment of promissory note – related party
        		                           
          payment of offering costs
        		                           
          initial classification of common stock subject to possible redemption
        		                           
          less: income attributable to common stock subject to possible redemption
        		                       -1,908,436 299,294   
          adjusted net income
        		                       -142,381 -68,921 -110,177 -15,431 
          weighted-average shares outstanding, basic and diluted
        		                       8,360,523 -30,995 1,525,066 6,780,244 
          unrealized gains on marketable securities held in trust account
        		                      938,273 -1,438,240    
          deferred tax provision
        		                      -197,038 274,962    
          4
        		                           
          less: income attributable to common stock subject to redemption
        		                          -298,756