| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net (loss) income | ||||||
119,110 | -363,680 | -58,354 | 217,616 | 71,283 | -3,585 | |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Unrealized (gain) loss on marketable securities held in Trust Account | ||||||
-6,698 | 8,345 | 6,901 | 6,573 | -3,099 | 0 | |
Interest earned on marketable securities held in Trust Account | ||||||
237,739 | 303,822 | 337,969 | 323,968 | 266,078 | 0 | |
Share based compensation expense contributed by shareholder | ||||||
0 | 451,017 | - | - | 0 | 0 | |
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
-29,583 | -31,250 | -33,882 | 17,293 | 97,422 | 0 | |
Accounts payable and accrued expenses | ||||||
21,426 | 78,950 | - | - | 132,334 | 0 | |
Net cash used in operating activities | ||||||
-60,922 | -114,630 | -47,786 | -92,445 | -156,784 | -3,585 | |
Cash Flows from Financing Activities: | ||||||
Proceeds from issuance of Founder Shares to Sponsor | ||||||
0 | 0 | 0 | 0 | 0 | 25,000 | |
Proceeds from promissory note - related party | ||||||
0 | 0 | 0 | 0 | 11,860 | 133,575 | |
Payment of offering costs | ||||||
0 | 0 | 0 | 0 | 418,680 | 129,990 | |
Net cash provided by financing activities | ||||||
0 | 0 | 0 | 0 | 56,097,845 | 28,585 | |
Net Change in Cash | ||||||
-60,922 | -114,630 | - | - | 291,061 | 25,000 | |
Non-Cash investing and financing activities: | ||||||
Change in value of ordinary shares subject to possible redemption | ||||||
119,114 | 87,332 | 12,902 | 146,362 | 71,255 | 0 | |
Deferred offering costs included in accrued offering costs | ||||||
- | 0 | - | - | - | 14,405 | |