| Dec'18 | Dec'17 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income | ||||||
266 | -41 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
1,121 | 341 | |||||
Unrealized loss on marketable securities held in Trust Account | ||||||
-19 | -17 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
-62 | 89 | |||||
Accounts payable and accrued expenses | ||||||
86 | 78 | |||||
Net cash used in operating activities | ||||||
-687 | -376 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Investment of cash and securities held in Trust Account | ||||||
- | 61,884 | |||||
Net cash (used in)/provided by investing activities | ||||||
- | -61,884 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Repayment of advances from related parties | ||||||
- | 157 | |||||
Proceeds from issuance of convertible notes | ||||||
400 | - | |||||
Proceeds from issuance of ordinary shares | ||||||
- | 25 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 58,563 | |||||
Proceeds from sale of Private Units | ||||||
- | 4,320 | |||||
Proceeds from sale of unit purchase option | ||||||
- | 0 | |||||
Proceeds from promissory note - related party | ||||||
- | 71 | |||||
Proceeds from promissory note - related party | ||||||
200 | - | |||||
Repayment of promissory note - related party | ||||||
- | 300 | |||||
Payment of offering costs | ||||||
- | 351 | |||||
Net cash provided by/(used in) financing activities | ||||||
600 | 62,172 | |||||
NET INCREASE/(DECREASE) IN CASH | ||||||
-87 | -88 | |||||
NON-CASH INVESTMENT AND FINANCING ACTIVITIES | ||||||
Offering costs charged to additional paid in capital | ||||||
- | 402 | |||||
Initial classification of ordinary shares subject to possible redemption | ||||||
- | 57,468 | |||||
Change in value of ordinary shares subject to possible redemption | ||||||
266 | -40 | |||||