| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net (loss) income | ||||||
365 | 2,122 | |||||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
-4,249 | -3,626 | |||||
Unrealized loss on marketable securities held in Trust Account | ||||||
- | 8 | |||||
Deferred tax (benefit) provision | ||||||
-1 | 1 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
-87 | -130 | |||||
Prepaid income taxes | ||||||
31 | -170 | |||||
Accounts payable and accrued expenses | ||||||
2,341 | 317 | |||||
Income taxes payable | ||||||
- | -3 | |||||
Net cash used in operating activities | ||||||
-1,424 | -1,238 | |||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
566 | - | |||||
Cash withdrawn from Trust Account for redemption of common stock | ||||||
11,583 | - | |||||
Cash withdrawn from Trust Account for franchise taxes | ||||||
836 | 838 | |||||
Net cash provided by investing activities | ||||||
11,853 | 838 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds from convertible promissory notes – related parties | ||||||
566 | - | |||||
Redemption of common stock | ||||||
11,583 | - | |||||
Payment of offering costs | ||||||
8 | 32 | |||||
Net cash used in financing activities | ||||||
-11,025 | -32 | |||||
Net Change in Cash | ||||||
-597 | -431 | |||||
Supplementary cash flow information: | ||||||
Cash paid for income taxes | ||||||
525 | 726 | |||||
Non-Cash investing and financing activities: | ||||||
Change in value of common stock subject to possible redemption | ||||||
365 | 2,122 | |||||