| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income (loss) | ||||||||
750,351 | 497,086 | 1,181,113 | 842,508 | -20,974 | 0 | 0 | 0 | 0 |
Adjustments to reconcile net income(loss) to net cash used in operating activities: | ||||||||
Trust account interest income | ||||||||
1,151,879 | 867,289 | 1,620,748 | 1,163,475 | 0 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Decrease (increase) in prepaid expenses | ||||||||
13,211 | 12,672 | 3,310 | 4,451 | 0 | - | - | - | - |
Increase (decrease) in accounts payable and accrued liabilities | ||||||||
-93,111 | 171,794 | -33,748 | 32,026 | 20,974 | 0 | 0 | 0 | 0 |
Increase (decrease) in income taxes payable | ||||||||
199,461 | 122,151 | 323,953 | 218,382 | 0 | - | - | - | - |
Net cash used in operating activities | ||||||||
-308,389 | -88,930 | -172,740 | -55,010 | 0 | 0 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Cash withdrawn from trust account for franchise tax payments | ||||||||
181,370 | - | - | - | 0 | - | - | - | - |
Net cash provided by investing activities | ||||||||
181,370 | 0 | 0 | -316,250,000 | 0 | - | - | - | - |
Cash flows from financing activities: | ||||||||
Net decrease in cash and cash equivalents | ||||||||
-127,019 | - | - | - | 0 | - | - | - | - |
Net increase in cash and cash equivalents | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Supplemental schedule of non-cash financing activities: | ||||||||
Change in value of common shares subject to possible conversion | ||||||||
750,351 | 497,085 | 1,181,114 | 855,614 | 0 | - | - | - | - |
Deferred offering costs, included in Accounts payable and accrued liabilities | ||||||||
0 | - | - | - | 146,957 | - | - | - | - |
Deferred offering costs included in Notes payable, affiliates | ||||||||
0 | - | - | - | 83,470 | - | - | - | - |
Stock subscriptions receivable, affiliates | ||||||||
0 | - | - | - | 11,000 | - | - | - | - |