| Dec'19 | ||||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
963 | ||||||
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
3,164 | ||||||
Changes in operating assets and liabilities: | ||||||
Prepaid income taxes | ||||||
134 | ||||||
Prepaid expenses | ||||||
73 | ||||||
Accrued expenses | ||||||
504 | ||||||
Net cash and cash equivalents used in operating activities | ||||||
-1,905 | ||||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
174,225 | ||||||
Cash withdrawn from Trust Account to pay franchise and income taxes | ||||||
764 | ||||||
Net cash and cash equivalents provided by (used in) investing activities | ||||||
-173,460 | ||||||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
169,050 | ||||||
Proceeds from sale of Private Units | ||||||
7,175 | ||||||
Proceeds from promissory note - related party | ||||||
70 | ||||||
Repayment of promissory note - related party | ||||||
-220 | ||||||
Payment of offering costs | ||||||
-430 | ||||||
Net cash and cash equivalents provided by financing activities | ||||||
175,644 | ||||||
Net Change in Cash and Cash Equivalents | ||||||
278 | ||||||
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
762 | ||||||
Non-cash investing and financing activities: | ||||||
Initial classification of common stock subject to possible redemption as of February 11, 2019, the date of the Initial Public Offering | ||||||
170,685 | ||||||
Change in value of common stock subject to possible redemption | ||||||
963 | ||||||