| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
386,140 | 461,550 | 536,584 | 557,215 | 535,012 | ||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned on investments held in Trust Account | ||||||
534,368 | 572,382 | 617,233 | 694,051 | 688,610 | ||
Changes in current assets and current liabilities: | ||||||
Prepaid assets | ||||||
40,292 | 8,333 | -1,651 | -5,764 | -6,347 | ||
Accounts payable and accrued expense | ||||||
91,344 | 8,024 | 1,403 | 203 | -6,020 | ||
Due to related parties | ||||||
- | 0 | 0 | 0 | -2,379 | ||
Net cash used in operating activities | ||||||
-97,176 | -111,141 | -77,595 | -130,869 | -155,650 | ||
Cash Flows from Investing Activities: | ||||||
Purchase of investments held in Trust Account | ||||||
1,148,800 | - | - | - | - | ||
Net cash used in investing activities | ||||||
-1,148,800 | - | - | - | - | ||
Cash Flows from Financing Activities: | ||||||
Proceeds from promissory note - related party | ||||||
780,000 | - | - | - | - | ||
Net cash provided by financing activities | ||||||
780,000 | - | - | - | - | ||
Net Decrease in Cash | ||||||
-465,976 | -759,941 | 1,071,205 | -130,869 | -155,650 | ||
Supplemental Disclosure of Non-Cash Financing Activities: | ||||||
Change in value of ordinary shares subject to possible redemption | ||||||
386,139 | 461,550 | 536,579 | 557,213 | 535,015 | ||