| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||
Net (loss) income | |||||||||
-15,852 | 160,514 | 336,700 | 284,309 | 380,241 | 416,016 | 276,543 | 306,703 | 22,449 | -1,140 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||||||
Interest income | |||||||||
321,864 | 399,089 | 621,666 | 703,004 | 685,649 | 677,272 | 579,320 | 531,520 | 83,293 | 0 |
Unrealized gain on marketable securities held in Trust Account | |||||||||
490 | 3,072 | -13,259 | 17,202 | 1,761 | -2,316 | -24,688 | -6,976 | 14,582 | 0 |
Deferred tax (benefit) provision | |||||||||
-9,703 | -30,907 | -10,962 | -10,769 | 370 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Prepaid expenses | |||||||||
32,097 | -15,972 | -33,958 | -42,292 | 13,405 | -70,010 | 129,226 | -3,021 | 32,900 | 0 |
Prepaid income taxes | |||||||||
-4,317 | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued expenses | |||||||||
157,249 | 14,630 | 53,236 | 41,366 | -35,981 | 32,031 | 68,144 | 96,175 | 58,913 | 1,140 |
Income taxes payable | |||||||||
- | 0 | -228,800 | 88,299 | 125,649 | -146,156 | 73,512 | 81,528 | 5,968 | 0 |
Net cash used in operating activities | |||||||||
-218,440 | -237,773 | -495,499 | -274,709 | -230,536 | -303,055 | -265,659 | -37,117 | -43,445 | 0 |
Cash Flows from Investing Activities: | |||||||||
Investment of cash in Trust Account | |||||||||
719,414 | - | - | - | - | 0 | 0 | 0 | 116,150,000 | 0 |
Cash withdrawn from Trust Account to pay franchise taxes | |||||||||
-71,049 | - | - | - | -161,300 | - | - | - | - | - |
Cash withdrawn from Trust Account to pay redeeming stockholders | |||||||||
-47,163,220 | - | - | - | - | - | - | - | - | - |
Cash withdrawn from Trust Account | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net cash provided by investing activities | |||||||||
46,514,855 | 1,520,471 | 23,584,767 | 350,469 | 161,300 | 155,001 | 106,897 | 0 | -116,150,000 | 0 |
Cash Flows from Financing Activities: | |||||||||
Proceeds from sale of Units, net of underwriting discounts paid | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 112,700,000 | - |
Proceeds from sale of Private Placement Units | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 4,450,000 | 0 |
Proceeds from Unit Purchase Option | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 100 | 0 |
Advances from related party | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 67,013 | 0 |
Repayment of advances from related party | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 67,013 | 0 |
Proceeds from convertible promissory notes | |||||||||
403,227 | - | - | - | - | - | - | - | - | - |
Proceeds from promissory notes – related parties | |||||||||
454,022 | - | - | - | - | - | - | - | - | 62,500 |
Repayment of promissory note – related party | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 122,839 | 0 |
Payment of offering costs | |||||||||
- | - | - | - | - | 0 | 0 | 10,000 | 296,247 | 62,500 |
Redemption of common stock | |||||||||
-47,163,220 | - | - | - | - | - | - | - | - | 0 |
Net cash (used in) financing activities | |||||||||
-46,305,971 | - | - | - | - | 0 | 0 | -10,000 | 116,731,014 | 0 |
Net Change in Cash | |||||||||
-9,556 | 3,684 | -197,984 | 75,760 | -69,236 | -148,054 | -158,762 | -47,117 | 537,569 | 0 |
Non-cash investing and financing activities: | |||||||||
Initial classification of common stock subject to possible redemption | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 111,741,988 | - |
Initial classification of common stock subject to redemption | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Change in value of common stock subject to possible redemption | |||||||||
-15,853 | 160,512 | 336,696 | 284,317 | 380,235 | 416,020 | 276,537 | 306,703 | 22,438 | 0 |
Offering costs included in accrued offering costs | |||||||||
- | - | - | - | - | - | - | - | - | 3,000 |