Sentinel energy services inc. (STNL)
CashFlow / Yearly
Dec'19Dec'18
Cash Flows From Operating Activities:
Net (loss) income attributable to common stock

3,764

1,485

Adjustments to reconcile net (loss) income to net cash used in operating activities:
Investment income earned on marketable securities held in Trust Account

-6,890

-5,123

Changes in operating assets and liabilities:
Prepaid expenses

-55

-90

Accounts payable and accrued expenses

-590

2,791

Accrued income and franchise taxes

253

8

Net Cash Used In Operating Activities

-3,407

-746

Cash Flows From Investing Activities:
Redemption of Trust Account

-355,491

-

Investment income released from Trust Account for dissolution expenses

100

-

Investment income released from Trust Account to pay taxes

1,422

-

Net Cash Provided By Investing Activities

357,013

-

Net Cash Provided By Financing Activities
Redemption of Class A common stock

-355,491

-

Proceeds from promissory note payable - Sponsor

999

-

Proceeds from advances - Sponsor

2,379

-

Payment for the redemption of warrants

225

-

Net Cash Used In Financing Activities

-352,337

-

Net increase (decrease) in cash and cash segregated for final distribution to Class A Stockholders

1,267

-746

Supplemental disclosure of cash flow activities:
Cash paid for income taxes

8

-

Supplemental disclosure of non-cash financing activities:
Forfeiture and cancellation of Founders' shares

0

-

Forfeiture of deferred underwriters' discount

12,075

-

Change in value of common stock subject to possible redemption

-

1,485

Payment to related parties for general and administrative expenses paid on behalf of the Company

-

94

Distribution due to Class A Stockholders

1,252

-