| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income attributable to Glory Star New Media Group Holdings Limited's shareholders | ||||||
3,278 | 1,609 | |||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Interest earned on securities held in Trust Account | ||||||
5,610 | 1,947 | |||||
Unrealized (gain) loss on securities held in Trust Account | ||||||
-19 | 61 | |||||
Changes in assets and liabilities | ||||||
Accounts payable and accrued expenses | ||||||
556 | 23 | |||||
Prepaid expenses | ||||||
-72 | 119 | |||||
Net cash provided by (used in) operating activities | ||||||
-1,722 | -373 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Investment of cash in Trust Account | ||||||
- | 250,000 | |||||
Net cash used in investing activities | ||||||
- | -250,000 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of ordinary shares to Sponsor | ||||||
- | 25 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 245,000 | |||||
Proceeds from sale of Private Placement Warrants | ||||||
- | 6,500 | |||||
Proceeds from a third party | ||||||
600 | 140 | |||||
Repayment of advances from related party | ||||||
- | 140 | |||||
Proceeds from promissory note - related party | ||||||
- | 299 | |||||
Proceeds from convertible promissory note - related party | ||||||
750 | - | |||||
Repayment of promissory note - related party | ||||||
- | -299 | |||||
Payment of offering costs | ||||||
- | 744 | |||||
Net cash (used in) provided by financing activities | ||||||
1,350 | 250,780 | |||||
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||
-372 | 406 | |||||
Non-cash investing and financing activities: | ||||||
Initial classification of ordinary shares subject to possible redemption | ||||||
- | 245,739 | |||||
Change in value of ordinary shares subject to possible redemption | ||||||
3,278 | 1,649 | |||||
Conversion of advances from related party to convertible promissory note | ||||||
350 | - | |||||