| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
NET INCOME | |||||||||
915,967 | 539,065 | 562,215 | 690,824 | 571,418 | 422,782 | -126,197 | -640 | -988 | -1,767 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Interest earned in Trust Account | |||||||||
1,352,505 | 887,749 | 887,300 | 1,115,194 | 1,060,684 | - | - | - | - | - |
Organizational expenses paid by affiliate | |||||||||
- | - | - | - | - | - | - | - | - | 226 |
Changes in operating assets and liabilities: | |||||||||
Prepaid expenses and other assets | |||||||||
-10,625 | -10,625 | -10,625 | -10,625 | -2,423 | - | - | - | - | - |
Deferred offering costs | |||||||||
- | - | - | - | - | - | - | 22,777 | 46,725 | 48,887 |
Accounts payable | |||||||||
11,009 | -124,201 | -11,798 | -95,630 | 85,038 | 27,844 | 228,795 | 1,924 | -24,037 | 24,037 |
Income taxes payable | |||||||||
273,542 | 124,015 | 124,049 | -105,035 | 212,285 | - | - | - | - | - |
Franchise taxes payable | |||||||||
-30,000 | 40,000 | 0 | -10,000 | -150,000 | - | - | - | - | - |
Net cash flows used in operating activities | |||||||||
-171,362 | -298,245 | -202,209 | -624,410 | -339,520 | -363,120 | 98,807 | -21,493 | -71,750 | -26,391 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from issuance of Class B common stock to Sponsor | |||||||||
- | - | - | - | - | - | - | - | - | 25,000 |
Proceeds from Sponsor note | |||||||||
- | - | - | - | - | 0 | 1,275 | 27,000 | 77,225 | - |
Repayment of Sponsor note | |||||||||
- | - | - | - | - | - | - | - | - | 2,000 |
Net cash flows provided by financing activities | |||||||||
- | - | - | - | - | 0 | 172,427,446 | 27,000 | 77,225 | 27,000 |
NET DECREASE IN CASH | |||||||||
-171,362 | -202,956 | 256,406 | -424,210 | -339,520 | -363,120 | 1,544,474 | 5,507 | 5,475 | 609 |
Supplemental disclosure of noncash activities: | |||||||||
Change in value of Class A common stock subject to possible redemption | |||||||||
915,969 | 539,067 | 562,217 | 690,819 | 571,418 | - | - | - | - | - |
Deferred offering cost paid by affiliate | |||||||||
- | - | - | - | - | - | - | - | - | 32,500 |
Deferred offering costs included in accounts payable | |||||||||
- | - | - | - | - | - | - | - | - | 22,512 |