| Feb'20 | Nov'19 | Aug'19 | May'19 | Feb'19 | Nov'18 | Aug'18 | May'18 |
|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||
Net loss | |||||||
-65,752 | -116,123 | -118,757 | 9,571 | 8,236 | -15,557 | -4,598 | -2,350 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||
Interest earned on securities held in Trust Account | |||||||
152,488 | 180,135 | 209,002 | 245,996 | - | - | - | 0 |
Unrealized loss on securities held in Trust Account | |||||||
- | - | 76 | 6,298 | - | - | - | 0 |
Changes in operating assets and liabilities: | |||||||
Prepaid expenses and other current assets | |||||||
-166 | 97,833 | -40,514 | -9,037 | -30,429 | 68,908 | 25,600 | 0 |
Accounts payable and accrued expenses | |||||||
152,637 | 39,693 | -11,509 | 33,169 | - | - | - | 0 |
Net cash used in operating activities | |||||||
-65,437 | -348,024 | -298,830 | -200,517 | -162,885 | -259,398 | -30,198 | -2,350 |
Cash Flows from Financing Activities: | |||||||
Payment of offering costs | |||||||
- | - | - | 0 | 0 | 0 | 357,167 | 74,000 |
Proceeds from convertible promissory notes - related party | |||||||
400,000 | 700,000 | 400,000 | 0 | 0 | 0 | 126,065 | 76,350 |
Net cash provided by financing activities | |||||||
400,000 | 700,000 | 400,000 | 0 | 0 | 0 | 41,091,583 | 2,350 |
Net Change in Cash | |||||||
- | - | - | -200,517 | - | - | - | 0 |
Non-Cash investing and financing activities: | |||||||
Change in value of ordinary shares subject to possible redemption | |||||||
-65,754 | -116,117 | -118,765 | 9,573 | - | - | - | 0 |