| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net (loss) income | ||||||
2,594 | 2,685 | |||||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Income earned on investment held in Trust Account | ||||||
5,845 | 4,083 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
133 | 5 | |||||
Accounts payable and accrued expenses | ||||||
708 | -18 | |||||
Due to related party | ||||||
107 | 95 | |||||
Franchise tax payable | ||||||
-200 | 200 | |||||
Income tax payable | ||||||
-55 | 55 | |||||
Net cash used in operating activities | ||||||
-2,824 | -1,070 | |||||
Cash Flows from Investing Activities: | ||||||
Cash deposited in Trust Account | ||||||
- | 275,000 | |||||
Investment income released from Trust Account to pay taxes | ||||||
2,939 | 760 | |||||
Net cash provided by investing activities | ||||||
2,939 | -274,239 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds received from initial public offering | ||||||
- | 275,000 | |||||
Payment of offering costs | ||||||
- | 5,809 | |||||
Sale of private placement warrants to Sponsor in private placement | ||||||
- | 7,500 | |||||
Repayment of note from related party | ||||||
- | 221 | |||||
Net cash provided by financing activities | ||||||
- | 276,469 | |||||
Net decrease in cash | ||||||
115 | 1,158 | |||||
Supplemental disclosure of noncash activities: | ||||||
Deferred underwriting commissions charged to additional paid-in capital in connection with the initial public offering | ||||||
- | 9,625 | |||||
Reclassification of deferred offering costs to equity upon completion of the initial public offering | ||||||
- | 219 | |||||
Change in value of Class A common stock subject to possible redemption | ||||||
2,594 | 264,524 | |||||
Cash paid for income taxes | ||||||
1,157 | 760 | |||||