| Dec'19 | ||||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income | ||||||
5,445 | ||||||
Changes in state franchise tax accrual | ||||||
198 | ||||||
Changes in prepaid assets | ||||||
136 | ||||||
Changes in deferred offering costs | ||||||
437 | ||||||
Changes in accrued expenses, formation and offering costs | ||||||
-282 | ||||||
Changes in current income tax and interest | ||||||
1,102 | ||||||
Changes in deferred income tax | ||||||
2 | ||||||
Net cash provided by operating activities | ||||||
6,762 | ||||||
Cash flows from investing activities: | ||||||
Cash deposited in Trust Account | ||||||
400,000 | ||||||
Interest reinvested in Trust Account | ||||||
6,434 | ||||||
Net cash used in investing activities | ||||||
-406,434 | ||||||
Cash flows from financing activities: | ||||||
Proceeds from sale of Units in initial public offering | ||||||
400,000 | ||||||
Proceeds from sale of Private Placement Warrants to Sponsor | ||||||
10,000 | ||||||
Repayment of notes and advances payable – related party | ||||||
150 | ||||||
Payment of underwriters’ discounts and commissions | ||||||
8,000 | ||||||
Payment of accrued offering costs | ||||||
865 | ||||||
Net cash provided by financing activities | ||||||
400,984 | ||||||
Increase in cash | ||||||
1,312 | ||||||
Supplemental disclosure of cash and non-cash financing activities: | ||||||
Deferred underwriting compensation | ||||||
14,000 | ||||||
Cash paid for income and state franchise taxes | ||||||
342 | ||||||