v3.19.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 332,411 $ 234,699
Adjustments to reconcile net income to net cash used in operating activities:    
Interest income (811,335) (417,712)
Unrealized gain on marketable securities held in Trust Account (4,733) (57,914)
Deferred income taxes 1,360 16,646
Changes in operating assets and liabilities:    
Prepaid expenses (48,750) (21,831)
Accounts payable and accrued expenses (74,507) 39,162
Accounts payable - related party 85,848 3,697
Income taxes payable 185,219 78,021
Net cash used in operating activities (334,487) (125,232)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Withdrawal from Trust Account to pay for taxes and franchise fees 95,633 0
Net cash provided by investing activities 95,633 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory note - related party 300,000 0
Net cash provided by financing activities 300,000 0
NET CHANGE IN CASH AND CASH EQUIVALENTS 61,146 (125,232)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 133,729 427,954
CASH AND CASH EQUIVALENTS AT END OF PERIOD 194,875 302,722
SUPPLEMENTAL INFORMATION:    
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCE ACTIVITIES:    
Change in value of common stock subject to possible redemption $ 332,411 $ 234,695

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