| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
365,235 | 424,546 | 815,158 | 842,931 | 790,254 | 311,415 | -3,777 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Other Income - dividends and interest | ||||||
695,730 | 928,027 | 1,179,253 | 1,270,690 | 1,260,391 | 539,275 | 0 |
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
25,364 | 15,626 | -48,600 | -49,813 | 10,071 | 129,825 | 0 |
Accounts payable | ||||||
14,661 | 9,828 | 9,771 | -42,485 | -6,982 | 55,364 | 0 |
Accrued expenses | ||||||
-15,730 | - | - | - | 0 | -92 | 92 |
The increase (decrease) during the reporting period in the obligations related to franchise tax payable. | ||||||
-150,000 | 50,000 | 50,000 | -61,439 | 107,489 | 54,000 | 0 |
Income tax payable | ||||||
154,776 | 355,382 | 205,278 | 131,000 | 229,000 | 113,000 | 0 |
Net cash used in operating activities | ||||||
-352,152 | -78,897 | -50,446 | -350,870 | -150,701 | -110,413 | -3,685 |
Cash Flows from Investing Activities: | ||||||
Trust Account withdrawals for the payment of franchise taxes | ||||||
208,794 | 10,478 | 0 | 254,579 | 0 | 0 | 0 |
Net cash provided by investing activities | ||||||
208,794 | 10,478 | 0 | 254,579 | 0 | -220,520,770 | 0 |
Cash Flows from Financing Activities: | ||||||
Payment of offering costs | ||||||
- | - | - | - | - | 4,805,039 | 130,000 |
Proceeds from issuance of common stock to Sponsor | ||||||
- | - | - | - | - | 0 | 25,000 |
Proceeds from Promissory Note - related party | ||||||
- | - | - | - | - | 76,010 | 142,600 |
Net cash provided by financing activities | ||||||
- | - | - | - | - | 221,483,547 | 37,600 |
Net Change in Cash | ||||||
-143,358 | -68,419 | -50,446 | -96,291 | -150,701 | 852,364 | 33,915 |
Supplemental Disclosure for Cash Flow activities: | ||||||
Cash paid for income taxes | ||||||
- | - | - | - | - | 0 | 0 |
Non-Cash investing and financing activities: | ||||||
The amount of change in value of common stock subject to redemption from noncash transactions. | ||||||
365,240 | 424,540 | 840,160 | 842,930 | 790,260 | 400,660 | 0 |
Amount of noncash reversal of expense for of deferred offering costs over accrual. | ||||||
- | - | - | - | - | 0 | 0 |