Allegro merger corp. (ALGR)
CashFlow / Yearly
Dec'19Dec'18
Cash flow from operating activities
Net income

1,927

948

Adjustments to reconcile net income to net cash used in operating activities:
Income earned on investment held in Trust Account

3,234

1,522

Changes in operating assets and liabilities:
Prepaid expenses and other current assets

24

59

Accounts payable and accrued expenses

44

25

Franchise tax payable

13

63

Income tax payable

-306

306

Net cash used in operating activities

-1,579

-237

Cash flow from investing activities
Investment income released from Trust Account

1,259

-

Cash deposited in Trust Account

-

149,500

Net cash provided by (used in) investing activities

1,259

-149,500

Cash flows from financing activities
Proceeds from note payable- related party

-

35

Repayment of note payable- related party

-

-65

Proceeds from initial public offering

-

149,500

Payment of offering costs associated with initial public offering

-

3,052

Proceeds from sale of private units

-

3,725

Net cash provided by financing activities

-

150,142

Net increase (decrease) in cash

-320

404

Supplemental cash flow disclosure:
Cash paid for income taxes

1,015

-

Supplemental disclosure of non-cash financing activities:
Initial classification of common stock subject to possible redemption

-

140,471

Deferred underwriting commissions charged to additional paid-in-capital in connection with the initial public offering

-

5,622

Change in value of common stock subject to possible redemption

1,927

-