| Dec'18 | ||||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income (loss) | ||||||
-29 | ||||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||
Interest income | ||||||
959 | ||||||
Unrealized loss on marketable securities held in Trust Account | ||||||
-7 | ||||||
Deferred tax provision | ||||||
-1 | ||||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
16 | ||||||
Accounts payable and accrued expenses | ||||||
313 | ||||||
Income taxes payable | ||||||
77 | ||||||
Net cash used in operating activities | ||||||
-609 | ||||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
57,500 | ||||||
Net cash used in investing activities | ||||||
-57,500 | ||||||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
56,062 | ||||||
Sale of 243,750 Founder Units | ||||||
2,437 | ||||||
Sale of Unit Purchase Option | ||||||
0 | ||||||
Advances from related party | ||||||
45 | ||||||
Repayment of advances from related party | ||||||
175 | ||||||
Payment of offering costs | ||||||
-281 | ||||||
Net cash provided by financing activities | ||||||
58,088 | ||||||
Net Change in Cash | ||||||
-20 | ||||||
Non-Cash Investing and Financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
53,112 | ||||||
Change in value of common stock subject to possible redemption | ||||||
-29 | ||||||