| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||
Net (loss) income | ||||||||
-305 | 187,457 | 723,357 | 827,477 | 794,815 | 707,323 | 603,603 | 97,885 | -4,728 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||||
Interest income | ||||||||
262,479 | 1,505,183 | 338,503 | 1,248,225 | 1,232,149 | - | - | - | - |
Unrealized gain on marketable securities held in Trust Account | ||||||||
- | - | 800,740 | 134,335 | 16,170 | - | - | - | - |
Deferred tax provision | ||||||||
- | -199,761 | 168,155 | 28,211 | 2,544 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses | ||||||||
-29,364 | 64,174 | -44,527 | 18,193 | 1,234 | - | - | - | - |
Accounts payable and accrued expenses | ||||||||
89,961 | 54,910 | 23,515 | -36,762 | -41,798 | - | - | - | - |
Income taxes payable | ||||||||
220 | 249,802 | 3,730 | -172,638 | 224,743 | - | - | - | - |
Net cash used in operating activities | ||||||||
-143,239 | -325,704 | -175,959 | -754,465 | -269,249 | -185,269 | -165,034 | -248,634 | -4,728 |
Cash Flows from Investing Activities: | ||||||||
Investment of cash in Trust Account | ||||||||
500,015 | - | - | - | - | - | - | - | - |
Cash withdrawn from Trust Account to pay for franchise taxes | ||||||||
- | 492,706 | 72,160 | 386,030 | 119,125 | - | - | - | - |
Net cash (used in) provided by investing activities | ||||||||
-500,015 | 137,123,190 | 72,160 | 386,030 | 119,125 | - | - | - | - |
Cash Flows from Financing Activities: | ||||||||
Proceeds from issuance of common stock to initial stockholders | ||||||||
- | - | - | - | - | 0 | 0 | 0 | -8,654 |
Proceeds from promissory notes - related parties | ||||||||
-1,225,000 | - | - | - | - | 0 | 0 | 0 | -300,000 |
Payment of offering costs | ||||||||
- | - | - | - | - | 0 | 0 | 527,824 | 108,501 |
Net cash provided by financing activities | ||||||||
1,225,000 | - | - | - | - | 0 | 0 | 206,790,926 | 200,153 |
Net Change in Cash | ||||||||
581,746 | -577,998 | -103,799 | -368,435 | -150,124 | -185,269 | -165,034 | 1,267,292 | 195,425 |
Non-cash investing and financing activities: | ||||||||
Change in value of common stock subject to possible redemption | ||||||||
-301 | 187,454 | 723,356 | 827,476 | 794,820 | - | - | - | - |
Deferred offering cost included in accrued offering costs | ||||||||
- | - | - | - | - | - | - | - | 15,000 |