| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
NET INCOME | ||||||
2,363 | 294 | |||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned in Trust Account | ||||||
3,950 | 1,232 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other assets | ||||||
-34 | 71 | |||||
Accounts payable | ||||||
-146 | 234 | |||||
Income taxes payable | ||||||
355 | 216 | |||||
Franchise taxes payable | ||||||
-120 | 200 | |||||
Net cash flows used in operating activities | ||||||
-1,464 | -357 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Interest income released from Trust Account to pay taxes | ||||||
754 | - | |||||
Cash remitted to Trust Account | ||||||
- | -170,981 | |||||
Net cash flows provided by (used in) financing activities | ||||||
754 | -170,981 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from sale of private placement warrants | ||||||
- | 6,945 | |||||
Proceeds from Initial Public Offering | ||||||
- | 169,288 | |||||
Payment of underwriter compensation | ||||||
- | -3,192 | |||||
Payment of offering costs | ||||||
- | 475 | |||||
Repayment of due to affiliates | ||||||
- | 32 | |||||
Proceeds from Sponsor note | ||||||
- | 105 | |||||
Repayment of Sponsor note | ||||||
- | 107 | |||||
Net cash flows provided by financing activities | ||||||
- | 172,531 | |||||
NET DECREASE IN CASH | ||||||
-710 | 1,192 | |||||
Supplemental disclosure of noncash activities: | ||||||
Change in value of Class A common stock subject to possible redemption | ||||||
2,363 | 161,031 | |||||
Deferred underwriters’ commissions payable charged to additional paid-in capital in connection with the public offering | ||||||
- | 6,771 | |||||
Forfeiture of shares of Class B common stock | ||||||
- | 0 | |||||
Supplemental cash flow disclosure: | ||||||
Income taxes paid | ||||||
432 | - | |||||