| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from operating activities: | ||||||
Net (loss) income | ||||||
2,730 | 1,913 | |||||
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Investment income earned on marketable securities held in Trust account | ||||||
5,033 | 2,990 | |||||
Deferred income taxes | ||||||
-1 | 102 | |||||
Change in operating assets and liabilities: | ||||||
Decrease in prepaid expenses | ||||||
-62 | 85 | |||||
Decrease in accounts payable and accrued liabilities | ||||||
48 | 276 | |||||
Increase in accrued income tax payable | ||||||
-164 | 572 | |||||
Net cash used in operating activities | ||||||
-2,357 | -211 | |||||
Cash flows from investing activities: | ||||||
Purchases of investments held in Trust account | ||||||
947,314 | 466,922 | |||||
Maturities of marketable securities held in Trust account | ||||||
949,218 | 234,670 | |||||
Net cash provided by (used in) investing activities | ||||||
1,903 | -232,252 | |||||
Cash Flows from financing activities: | ||||||
Proceeds from issuance of common stock, net of offering costs | ||||||
- | 233,680 | |||||
Proceeds from note payable | ||||||
- | 120 | |||||
Payments on note payable | ||||||
- | 120 | |||||
Net cash provided by financing activities | ||||||
- | 233,680 | |||||
Net change in cash and cash and equivalents held in Trust account | ||||||
-454 | 1,216 | |||||