v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
8 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 93,150 $ 1,141,199
Adjustments to reconcile net income to net cash used in operating activities:    
Interest income (355,338) (2,474,344)
Unrealized (loss) gain on marketable securities held in Trust Account 64,985 (66,507)
Deferred income taxes (18,678) 19,116
Changes in operating assets and liabilities:    
Prepaid expenses (33,093) 21,843
Accounts payable and accrued expenses 45,391 103,123
Accounts payable - related party 2,940 10,400
Income taxes payable 85,722 387,048
Net cash used in operating activities (114,921) (858,122)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal deposited in trust account (138,690,000) 0
Withdrawal from Trust Account to pay for taxes and franchise fees 0 213,897
Net cash provided by (used in) investing activities (138,690,000) 213,897
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from promissory note - related party 62,500 350,000
Repayment of promissory note - related party (125,000) 0
Proceeds from issuance of common stock to Sponsor 25,000 0
Proceeds from initial public offering, net of offering costs 134,820,275 0
Proceeds from private placement to Sponsor 4,450,000 0
Proceeds from sale of unit option to underwriter 100 0
Net cash provided by financing activities 139,232,875 350,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 427,954 (294,225)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 427,954
CASH AND CASH EQUIVALENTS AT END OF PERIOD 427,954 133,729
SUPPLEMENTAL INFORMATION:    
Income taxes paid 0 169,709
NON-CASH INVESTING AND FINANCE ACTIVITIES:    
Payment of offering costs through promissory note - related party 62,500 0
Initial value of common stock subject to possible exemption 134,231,177 0
Change in value of common stock subject to possible redemption $ 94,843 $ 1,141,199

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