| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net (loss) income | ||||||
1,161 | 1,021 | |||||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Interest income | ||||||
2,409 | 1,871 | |||||
Unrealized gain on marketable securities held in Trust Account | ||||||
8 | -19 | |||||
Deferred tax (benefit) provision | ||||||
-52 | - | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
-78 | 89 | |||||
Prepaid income taxes | ||||||
67 | - | |||||
Accounts payable and accrued expenses | ||||||
73 | 255 | |||||
Income taxes payable | ||||||
-14 | 14 | |||||
Net cash used in operating activities | ||||||
-1,238 | -649 | |||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
1,198 | 116,150 | |||||
Cash withdrawn from Trust Account to pay franchise and income taxes | ||||||
-842 | -261 | |||||
Cash withdrawn from Trust Account to pay redeeming stockholders | ||||||
-25,973 | - | |||||
Net cash provided by investing activities | ||||||
25,617 | -115,888 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 112,700 | |||||
Proceeds from sale of Private Placement Units | ||||||
- | 4,450 | |||||
Proceeds from Unit Purchase Option | ||||||
- | 0 | |||||
Advances from related party | ||||||
56 | 67 | |||||
Repayment of advances from related party | ||||||
- | 67 | |||||
Proceeds from convertible promissory notes | ||||||
719 | - | |||||
Proceeds from promissory notes – related parties | ||||||
630 | - | |||||
Repayment of promissory note – related party | ||||||
- | 122 | |||||
Payment of offering costs | ||||||
- | 306 | |||||
Redemption of common stock | ||||||
-25,973 | - | |||||
Net cash (used in) financing activities | ||||||
-24,566 | 116,721 | |||||
Net Change in Cash | ||||||
-187 | 183 | |||||
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
550 | 261 | |||||
Non-cash investing and financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
- | 111,741 | |||||
Change in value of common stock subject to possible redemption | ||||||
1,161 | 1,021 | |||||