| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flow from operating activities | ||||||
NET LOSS | ||||||
268 | 19 | |||||
Adjustments to reconcile net loss to net cash used in operating activities | ||||||
Interest income earned in cash and investments held in trust account | ||||||
856 | 343 | |||||
Change in operating assets and liabilities: | ||||||
Decrease in prepayments | ||||||
0 | 46 | |||||
Increase (decrease) in accrued liabilities | ||||||
-7 | 115 | |||||
(Decrease) increase in amount due to related party | ||||||
0 | 50 | |||||
Cash used in operating activities | ||||||
-596 | -205 | |||||
Cash flows from investing activities | ||||||
Proceeds deposited in Trust Account | ||||||
0 | -46,000 | |||||
Net cash used in investing activities | ||||||
0 | -46,000 | |||||
Cash flows from financing activities | ||||||
Proceeds from a related party | ||||||
282 | 0 | |||||
Proceeds from sale of ordinary shares to related party | ||||||
0 | 25 | |||||
Proceeds from public offering, net of expenses | ||||||
0 | 46,000 | |||||
Proceeds from private placements to related party | ||||||
0 | 2,150 | |||||
Payment of offering costs | ||||||
0 | 1,225 | |||||
Net cash provided by financing activities | ||||||
282 | 46,949 | |||||
NET CHANGE IN CASH | ||||||
-314 | 743 | |||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Unrealized (loss) gain on Trust Account | ||||||
152 | 0 | |||||
Changes in ordinary shares subject to conversion | ||||||
421 | 0 | |||||
Deferred offering costs and expenses paid by a related party | ||||||
162 | 189 | |||||
Repurchase of ordinary shares from a founder shareholder | ||||||
0 | 0 | |||||
Accrued underwriting compensation | ||||||
0 | 1,840 | |||||
Proceeds deposited in Trust Account by a founder shareholder | ||||||
920 | 0 | |||||