| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-347 | 287 | |||||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Interest income | ||||||
4,054 | 471 | |||||
Changes in assets & liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
296 | 23 | |||||
Accounts payable and accrued expenses | ||||||
2,772 | 86 | |||||
Income taxes payable | ||||||
534 | 77 | |||||
Net cash (used) provided by operating activities | ||||||
-1,390 | -43 | |||||
Cash flows from investing activities: | ||||||
Investment of cash in Trust Account | ||||||
- | 200,000 | |||||
Cash withdrawn from Trust Account to pay franchise and income taxes | ||||||
203 | - | |||||
Security deposit | ||||||
7 | -7 | |||||
Net cash (used in) investing activities | ||||||
210 | -200,007 | |||||
Cash flows from financing activities: | ||||||
Collection of stock subscription receivable from Sponsor | ||||||
- | 25 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 196,000 | |||||
Proceeds from sale of Private Placement Units | ||||||
- | 2,500 | |||||
Proceeds from sale of Private Placement Warrants | ||||||
- | 3,500 | |||||
Payment of offering costs | ||||||
- | 698 | |||||
Proceeds from promissory note - related party | ||||||
- | 300 | |||||
Repayment of promissory note - related party | ||||||
- | 300 | |||||
Net cash provided by financing activities | ||||||
- | 201,326 | |||||
Net change in cash and equivalents | ||||||
-1,179 | 1,275 | |||||
Supplementary cash flow information: | ||||||
Cash paid during the period for: | ||||||
Taxes | ||||||
153 | - | |||||
Non-Cash investing and financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
- | 189,320 | |||||
Change in value of common stock subject to possible redemption | ||||||
-347 | 292 | |||||