|
FY2019
12 months to Dec 31, 2019
|
FY2018
12 months to Dec 31, 2018
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest earned on marketable securities held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Prepaid income taxes | ||
| Accounts payable and accrued expenses | ||
| Income taxes payable | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Cash withdrawn from Trust Account to pay franchise and income taxes | ||
| Investment of cash into Trust Account | ||
| Net cash provided by (used in) investing activities | ||
| Cash Flows from Financing Activities: | ||
| Proceeds from collection of stock subscription receivable from stockholder | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Placement Units | ||
| Payment of offering costs | ||
| Proceeds from promissory note - related party | ||
| Repayment of promissory note – related party | ||
| Net cash provided by financing activities | ||
| Net Change in Cash | ||
| Cash – Beginning of period | ||
| Cash – End of period | ||
| Supplemental cash flow information: | ||
| Cash paid for income taxes | ||
| Non-Cash investing and financing activities: | ||
| Initial classification of common stock subject to possible redemption | ||
| Change in value of common stock subject to possible redemption | ||
| Deferred underwriting fee payable |
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