| Feb'20 | Feb'19 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net loss | ||||||
-291 | -14 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Interest earned on securities held in Trust Account | ||||||
787 | 430 | |||||
Unrealized loss on securities held in Trust Account | ||||||
- | -4 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
48 | 64 | |||||
Accounts payable and accrued expenses | ||||||
213 | 48 | |||||
Net cash used in operating activities | ||||||
-912 | -454 | |||||
Cash Flows from Investing Activities: | ||||||
Investment of cash into Trust Account | ||||||
1,200 | 40,000 | |||||
Net cash used in investing activities | ||||||
-1,200 | -40,000 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds from issuance of founder shares to Sponsor | ||||||
- | 25 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 38,800 | |||||
Proceeds from sale of Private Units | ||||||
- | 2,700 | |||||
Proceeds from sale of unit purchase option | ||||||
- | 0 | |||||
Payment of offering costs | ||||||
- | 431 | |||||
Proceeds from convertible promissory notes - related party | ||||||
1,500 | 202 | |||||
Repayment of promissory note - related party | ||||||
0 | 202 | |||||
Net cash provided by financing activities | ||||||
1,500 | 41,093 | |||||
Net Change in Cash | ||||||
-612 | 639 | |||||
Non-Cash investing and financing activities: | ||||||
Initial classification of ordinary shares subject to possible redemption | ||||||
- | 35,086 | |||||
Change in value of ordinary shares subject to possible redemption | ||||||
-291 | -7 | |||||
Deferred underwriting fee payable | ||||||
- | 1,000 | |||||