Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Statement of Cash Flows (Unaudited)

v3.19.1
Condensed Interim Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 462,490 $ (54,956)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on investments and marketable securities held in Trust Account (934,689)
Changes in operating assets and liabilities:    
Prepaid expenses (22,460)
Accounts payable 82,738 (7,680)
Accrued expenses 18,500 (13,600)
Franchise tax payable (150,000)
Deferred tax liability 179,658
Net cash used in operating activities (363,763) (76,236)
Cash Flows from Investing Activities    
Interest released provided by from Trust Account 200,250
Net cash provided by investing activities 200,250
Cash Flows from Financing Activities:    
Proceeds from note payable to related parties 400,000 100,000
Payment of deferred offering costs (39,204)
Net cash provided by financing activities 400,000 60,796
Net increase (decrease) in cash 236,487 (15,440)
Cash - beginning of the period 196,804 19,538
Cash - ending of the period 433,291 4,098
Supplemental disclosure of noncash investing and financing activities:    
Offering costs included in accounts payable 10,124
Offering costs included in accrued expenses 38,500
Change in Class A common stock subject to possible redemption $ 462,489