| Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | ||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income (loss) | ||||||
67,645 | -29,957 | 0 | 0 | 0 | ||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||
Interest income | ||||||
1,161,965 | 959,645 | 0 | 0 | 0 | ||
Unrealized loss on marketable securities held in Trust Account | ||||||
37,638 | -7,703 | 0 | 0 | 0 | ||
Deferred tax provision | ||||||
0 | - | - | - | - | ||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
-70,879 | 16,496 | 0 | 0 | 0 | ||
Accounts payable and accrued expenses | ||||||
240,595 | 313,641 | 0 | 0 | 0 | ||
Income taxes payable | ||||||
99,484 | 77,351 | 0 | 0 | 0 | ||
Net cash used in operating activities | ||||||
-722,925 | -609,021 | 0 | 0 | 0 | ||
Cash Flows from Investing Activities: | ||||||
Cash withdrawn from Trust Account | ||||||
0 | - | - | - | - | ||
Investment of cash in Trust Account | ||||||
- | 57,500,000 | 0 | 0 | 0 | ||
Net cash used in investing activities | ||||||
60,050 | -57,500,000 | 0 | 0 | 0 | ||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 56,062,500 | 0 | 0 | 0 | ||
Sale of 243,750 Founder Units | ||||||
- | 2,437,500 | 0 | 0 | 0 | ||
Sale of Unit Purchase Option | ||||||
- | 100 | 0 | 0 | 0 | ||
Proceeds from promissory note - related party | ||||||
0 | - | - | - | - | ||
Advances from related party | ||||||
- | 45,000 | 0 | 0 | 0 | ||
Repayment of advances from related party | ||||||
- | 175,000 | 0 | 0 | 0 | ||
Payment of offering costs | ||||||
- | -281,807 | 0 | 0 | 0 | ||
Net cash provided by financing activities | ||||||
180,000 | 58,088,293 | 0 | 0 | 0 | ||
Net Change in Cash | ||||||
-482,875 | -20,728 | 0 | 0 | 0 | ||
Non-Cash Investing and Financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
- | 53,112,740 | 0 | 0 | 0 | ||
Change in value of common stock subject to possible redemption | ||||||
67,641 | -29,936 | 0 | 0 | 0 | ||