Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (15,852) $ 380,241
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (321,864) (685,649)
Unrealized gain on marketable securities held in Trust Account (490) (1,761)
Deferred tax (benefit) provision (9,703) 370
Changes in operating assets and liabilities:    
Prepaid expenses (32,097) (13,405)
Prepaid income taxes 4,317
Accounts payable and accrued expenses 157,249 (35,981)
Income taxes payable 125,649
Net cash used in operating activities (218,440) (230,536)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (719,414)
Cash withdrawn from Trust Account to pay franchise taxes 71,049 161,300
Cash withdrawn from Trust Account to pay redeeming stockholders 47,163,220
Net cash provided by investing activities 46,514,855 161,300
Cash Flows from Financing Activities:    
Proceeds from convertible promissory notes 403,227
Proceeds from promissory notes – related parties 454,022
Redemption of common stock (47,163,220)
Net cash (used in) financing activities (46,305,971)
Net Change in Cash (9,556) (69,236)
Cash – Beginning 17,862 205,638
Cash – Ending 8,306 136,402
Non-cash investing and financing activities:    
Change in value of common stock subject to possible redemption $ (15,853) $ 380,235