Proficient alpha acquisition corp (PAAC)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Sep'18
Current assets
Cash

1,342

1,690

1,078

2,178

302

Escrow deposit

-

-

800

-

-

Prepaid expenses

35

76

105

-

-

Other receivable

0

0

0

0

-

Total current assets

1,377

1,767

1,983

2,178

302

Government securities held in Trust Account

117,116

116,428

115,925

115,257

-

Total assets

118,494

118,196

117,909

117,436

302

Liabilities and Shareholders' Equity
Current liabilities
Accrued expenses

529

66

38

23

19

Accrued expenses - related parties

56

76

19

14

21

Tax payable

21

59

19

-

-

Total current liabilities

607

203

76

37

40

Commitments
Common stock subject to possible redemption, 11,288,754 and 9,730,167 shares at redemption value as of March 31, 2020 and September 30, 2019, respectively

112,887

97,301

97,301

97,301

-

Shareholders' Equity
Common stock, $.001 par value, 150,000,000 shares authorized, 3,178,246 and 4,736,833 shares issued and outstanding (excluding 11,288,754 and 9,730,167 shares subject to possible redemption) as of March 31, 2020 and September 30, 2019, respectively

3

4

4

4

2

Additional paid in capital

4,869

20,452

20,449

20,470

554

Subscription receivable

-

-

-

-10

-182

Accumulated deficits

127

234

77

-367

-113

Total Shareholders' Equity

5,000

20,691

20,531

20,097

261

Total Liabilities and Shareholders' Equity

118,494

118,196

117,909

117,436

302