| Mar'19 | Mar'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
648 | 452 | |||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
3,881 | 1,558 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
-0 | 42 | |||||
Account payable and accrued expenses | ||||||
1,813 | 97 | |||||
Income taxes payable | ||||||
-376 | 435 | |||||
Net cash used in operating activities | ||||||
-1,795 | -615 | |||||
Cash Flows from Investing Activities: | ||||||
Cash withdrawn from Trust Account | ||||||
61,102 | - | |||||
Investment of cash in Trust Account | ||||||
- | 209,070 | |||||
Interest income released from Trust Account to pay taxes | ||||||
1,352 | 125 | |||||
Net cash provided by investing activities | ||||||
62,455 | -208,944 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 203,400 | |||||
Proceeds from sale of private placement warrants | ||||||
- | 7,320 | |||||
Proceeds from promissory note – related party | ||||||
- | 200 | |||||
Repayment of promissory note – related party | ||||||
- | 350 | |||||
Redemption of common stock | ||||||
61,102 | - | |||||
Payment of offering costs | ||||||
- | 482 | |||||
Net cash used in financing activities | ||||||
-61,102 | 210,087 | |||||
Net Change in Cash | ||||||
-442 | 528 | |||||
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
1,250 | - | |||||
Non-Cash Investing and Financing Activities: | ||||||
Change in value of common stock subject to possible redemption | ||||||
648 | 469 | |||||
Contribution to Trust Account by Sponsor | ||||||
491 | - | |||||
Initial classification of common stock subject to possible redemption | ||||||
- | 197,015 | |||||
Offering costs charged to additional paid in capital | ||||||
- | 924 | |||||
Deferred underwriting fees charged to additional paid-in capital | ||||||
- | 7,785 | |||||