Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (1,124,265) $ 1,466,643
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Deferred tax liabilities (128,105) 177,297
Interest earned on investments and marketable securities held in Trust Account (692,918) (2,792,314)
Changes in operating assets and liabilities:    
Prepaid expenses 226,827 (236,433)
Accounts payable 376,128 14,356
Accrued expenses 648,281 2,500
Franchise tax payable (9,950) (170,000)
Income tax payable 96,850
Net cash used in operating activities (607,152) (1,537,951)
Cash Flows from Investing Activities    
Cash deposited in Trust Account (1,469,038)
Withdrawal from Trust upon redemption of Class A common stock 34,715,815
Interest released from Trust Account 338,550 921,717
Net cash provided by investing activities 33,585,327 921,717
Cash Flows from Financing Activities:    
Proceeds from convertible note payable - related party 750,000 750,000
Proceeds from promissory note - related party 1,000,000
Redemption of Class A common stock (34,715,816)
Net cash (used in) provided by financing activities (32,965,816) 750,000
Net decrease in cash and cash equivalents 12,359 133,766
Cash and cash equivalents - beginning of the period 161,405 196,804
Cash and cash equivalents - end of the period 173,764 330,570
Supplemental disclosure of noncash investing and financing activities:    
Change in value of Class A common stock subject to possible redemption (1,124,260) 1,466,645
Supplemental cash flow disclosure:    
Cash paid for income taxes $ 178,500 $ 601,467