| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income (loss) | ||||||
3,785 | 4,275 | |||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||
Investment income earned on cash equivalents held in Trust Account | ||||||
8,739 | 5,777 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
62 | 3 | |||||
Deferred Tax Asset | ||||||
32 | - | |||||
Accrued payable and accrued expenses | ||||||
1,895 | 33 | |||||
Accrued taxes payable | ||||||
-273 | 357 | |||||
Net cash used in operating activities | ||||||
-3,427 | -1,113 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Investment of cash in Trust Account | ||||||
3,742 | 414,000 | |||||
Cash released from Trust Account | ||||||
39,244 | 1,050 | |||||
Net cash provided by investing activities | ||||||
35,502 | -412,949 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from public offering of Units | ||||||
- | 414,000 | |||||
Proceeds from sale of Private Placement Warrants | ||||||
- | 10,280 | |||||
Proceeds from promissory note from sponsor | ||||||
4,192 | 200 | |||||
Payment of promissory note from sponsor | ||||||
- | 200 | |||||
Payment of underwriting commissions | ||||||
- | 8,280 | |||||
Payment of offering costs (excluding related parties) | ||||||
- | 1,192 | |||||
Payment to related party for offering costs paid on behalf of the Company | ||||||
- | 34 | |||||
Cash used for Class A common stock redemptions | ||||||
36,823 | - | |||||
Net cash used in financing activities | ||||||
-32,630 | 414,773 | |||||
NET CHANGE IN CASH | ||||||
-555 | 709 | |||||
Supplemental cash flow information: | ||||||
Cash released for Class A common stock redemptions | ||||||
36,823 | - | |||||
Cash paid for income taxes | ||||||
2,041 | - | |||||
Cash paid for franchise taxes | ||||||
260 | - | |||||
Cash paid for administrative services | ||||||
120 | 80 | |||||
Supplemental disclosure of non-cash investment and financing and transactions: | ||||||
Change in common stock subject to redemption | ||||||
381,029 | 414,000 | |||||