| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
215,725 | -184,355 | 112,287 | 679,520 | 356,058 | -451 | |
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
622,821 | 594,669 | 973,838 | 1,053,042 | 543,268 | 0 | |
Changes in operating assets and liabilities: | ||||||
Prepaid income taxes | ||||||
-99,451 | 61,050 | -22,189 | 96,094 | 0 | - | |
Prepaid expenses | ||||||
24,667 | -43,914 | -40,622 | 9,865 | 148,629 | - | |
Accrued expenses | ||||||
-50,341 | 148,471 | 241,025 | 65,406 | 49,549 | 451 | |
Income taxes payable | ||||||
0 | - | - | - | 103,268 | - | |
Net cash and cash equivalents used in operating activities | ||||||
-382,653 | -647,689 | -557,715 | -517,343 | -183,022 | - | |
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
0 | 0 | 0 | 0 | 174,225,000 | - | |
Cash withdrawn from Trust Account to pay franchise and income taxes | ||||||
201,718 | 180,000 | 172,751 | 411,518 | 0 | - | |
Net cash and cash equivalents provided by (used in) investing activities | ||||||
201,718 | 180,000 | 172,751 | 411,518 | -174,225,000 | - | |
Cash Flows from Financing Activities: | ||||||
Proceeds from issuance of common stock to the Founders | ||||||
- | - | - | - | - | 25,000 | |
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
0 | 0 | 0 | 0 | 169,050,000 | - | |
Proceeds from sale of Private Units | ||||||
0 | 0 | 0 | 0 | 7,175,000 | - | |
Proceeds from promissory note - related party | ||||||
0 | 0 | 0 | 0 | 70,000 | 150,000 | |
Repayment of promissory note - related party | ||||||
0 | 0 | 0 | 0 | -220,000 | - | |
Payment of offering costs | ||||||
0 | 0 | 0 | 0 | -430,194 | -133,907 | |
Net cash and cash equivalents provided by financing activities | ||||||
0 | 0 | 0 | 0 | 175,644,806 | 41,093 | |
Net Change in Cash and Cash Equivalents | ||||||
-180,935 | -467,689 | -384,964 | -105,825 | 1,236,784 | 41,093 | |
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
21,000 | - | - | - | 0 | - | |
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 | ||||||
0 | 0 | 0 | 0 | 170,685,445 | - | |
Change in value of common stock subject to possible redemption | ||||||
215,726 | -184,355 | 112,292 | 679,518 | 356,055 | - | |
Deferred offering costs included in accrued offering cost | ||||||
- | - | - | - | - | 242,500 | |