| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
-107,000 | 157,290 | 444,784 | -56,442 | -92,851 | -105,100 | -113,016 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Common stock issued for service | ||||||
1,111 | 3,333 | 3,333 | 3,333 | 3,333 | 3,334 | 2,222 |
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
41,830 | 28,170 | - | - | - | - | - |
Accrued expenses | ||||||
462,254 | 28,641 | - | - | - | -11,000 | 19,333 |
Accrued expenses - related parties | ||||||
-19,687 | 57,610 | 5,000 | 898 | 7,521 | -15,668 | 21,323 |
Tax payable | ||||||
-38,490 | 40,156 | - | - | - | - | - |
Net cash provided by (used in) operating activities | ||||||
340,018 | 315,200 | 382,508 | -48,467 | -70,997 | -128,434 | -70,138 |
Cash flows from investing activities: | ||||||
Escrow deposit | ||||||
0 | 800,000 | - | - | - | - | - |
Investment of government securities held in Trust Account | ||||||
-687,919 | -503,276 | - | - | - | - | - |
Net cash (used in) investing activities | ||||||
-687,919 | 296,724 | - | - | - | - | - |
Cash flows from financing activities: | ||||||
Collection of subscription receivable | ||||||
- | - | -171,978 | 5,509 | 0 | 166,250 | - |
Common stock issued for cash | ||||||
- | - | - | - | - | - | 372,500 |
Other receivable | ||||||
- | - | -171,978 | 5,509 | 0 | 166,250 | - |
Net cash provided by financing activities | ||||||
- | - | -14,259 | 117,215,389 | 0 | 166,250 | 372,500 |
Net increase/(decrease) in cash and cash equivalents | ||||||
-347,901 | 611,924 | -1,099,547 | 1,909,074 | -70,997 | 37,816 | 302,362 |