Annual report pursuant to Section 13 and 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 161,405 $ 196,804
Prepaid expenses 304,077 43,214
Total current assets 465,482 240,018
Marketable securities held in Trust Account 162,019,909 159,718,098
Total assets 162,485,391 159,958,116
Current liabilities:    
Accounts payable 121,516 108,292
Accrued expenses 30,610 6,500
Note payable - related parties 750,000
Franchise tax payable 40,000 200,000
Total current liabilities 942,126 314,792
Deferred tax liability 128,105
Deferred underwriting commissions 5,433,750 5,433,750
Total liabilities 6,503,981 5,748,542
Class A common stock, $0.0001 par value; 14,461,820 and 14,500,444 shares subject to possible redemption at $10.44 and $10.29 per share at December 31, 2019 and 2018, respectively 150,981,401 149,209,569
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2019 and 2018, respectively
Additional paid-in capital 2,757,412 4,529,248
Retained earnings 2,242,103 470,267
Total stockholders' equity 5,000,009 5,000,005
Total Liabilities and Stockholders' Equity 162,485,391 159,958,116
Common Stock Class A    
Stockholders' Equity:    
Common stock value 106 102
Total stockholders' equity 106 102
Common Stock Class B    
Stockholders' Equity:    
Common stock value 388 388
Total stockholders' equity $ 388 $ 388