| Feb'20 | Feb'19 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
617 | 574 | |||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
1,323 | 729 | |||||
Unrealized (gain) loss on marketable securities held in Trust Account | ||||||
18 | -2 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
-21 | 91 | |||||
Accounts payable and accrued expenses | ||||||
276 | 23 | |||||
Net cash used in operating activities | ||||||
-426 | -220 | |||||
Cash Flows from Investing Activities: | ||||||
Investment of cash into Trust Account | ||||||
567 | 64,515 | |||||
Cash withdrawn from Trust Account for redemptions | ||||||
6,268 | - | |||||
Net cash provided by (used in) investing activities | ||||||
5,701 | -64,515 | |||||
Cash Flows from Financing Activities: | ||||||
Proceeds from convertible promissory note - related party | ||||||
750 | - | |||||
Redemption of ordinary shares | ||||||
6,268 | - | |||||
Proceeds from issuance of ordinary shares to initial shareholder | ||||||
- | 25 | |||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | 61,826 | |||||
Proceeds from sale of Private Units | ||||||
- | 3,588 | |||||
Payment of offering costs | ||||||
- | 391 | |||||
Advances from related party | ||||||
- | 363 | |||||
Repayment of advances from related party | ||||||
- | 363 | |||||
Proceeds from promissory notes - related party | ||||||
750 | - | |||||
Net cash (used in) provided by financing activities | ||||||
-5,518 | 65,048 | |||||
Net Change in Cash | ||||||
-243 | 313 | |||||
Non-Cash investing and financing activities: | ||||||
Initial classification of ordinary shares subject to possible redemption | ||||||
- | 57,821 | |||||
Change in value of ordinary shares subject to possible redemption | ||||||
617 | 588 | |||||
Deferred underwriting fee payable | ||||||
- | 2,213 | |||||