| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net (loss) income | ||||||
2,533 | 1,404 | |||||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Interest income | ||||||
4,324 | 2,474 | |||||
Unrealized gain on marketable securities held in Trust Account | ||||||
- | 4 | |||||
Deferred tax provision | ||||||
-0 | 0 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
39 | 63 | |||||
Accounts payable and accrued expenses | ||||||
-0 | 159 | |||||
Income taxes payable | ||||||
305 | 373 | |||||
Net cash used in operating activities | ||||||
-1,525 | -603 | |||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
500 | 205,275 | |||||
Cash withdrawn from Trust Account for redemptions | ||||||
137,130 | - | |||||
Cash withdrawn from Trust Account to pay for franchise taxes | ||||||
1,070 | - | |||||
Net cash (used in) provided by investing activities | ||||||
137,700 | -205,275 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds from issuance of common stock to initial stockholders | ||||||
- | -8 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 196,218 | |||||
Proceeds from sale of Private Units | ||||||
- | 11,500 | |||||
Proceeds from promissory notes - related parties | ||||||
-180 | -300 | |||||
Repayment of promissory notes - related parties | ||||||
425 | 400 | |||||
Payment of offering costs | ||||||
- | 636 | |||||
Redemptions of common stock | ||||||
137,130 | - | |||||
Net cash provided by financing activities | ||||||
-137,375 | 206,991 | |||||
Net Change in Cash | ||||||
-1,200 | 1,112 | |||||
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
386 | - | |||||
Non-cash investing and financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
- | 196,674 | |||||
Change in value of common stock subject to possible redemption | ||||||
2,533 | 1,408 | |||||
Deferred underwriting fee charged to additional paid in capital | ||||||
- | 5,031 | |||||