v3.10.0.1
STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 988,489 $ (948)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income (1,722,249) 0
Unrealized gain on marketable securities held in Trust Account (65,618) 0
Deferred income taxes 18,860 0
Changes in operating assets and liabilities:    
Prepaid expenses (38,224) 0
Accounts payable and accrued expenses 32,180 0
Accounts payable - related party 5,378 0
Income taxes payable 231,403 0
Net cash used in operating activities (549,781) (948)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Withdrawal from Trust Account to pay for taxes and franchise fees 187,773 0
Net cash provided by investing activities 187,773 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from promissory note - related party 0 62,500
Payment of offering costs 0 (75,021)
Proceeds from issuance of common stock to Sponsor 0 25,000
Net cash provided by financing activities 0 12,479
NET CHANGE IN CASH AND CASH EQUIVALENTS (362,008) 11,531
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 427,954  
CASH AND CASH EQUIVALENTS AT END OF PERIOD 65,946 11,531
SUPPLEMENTAL INFORMATION:    
Income taxes paid 148,489 0
NON-CASH INVESTING AND FINANCE ACTIVITIES:    
Offering costs accrued as accounts payable - related party 0 14,028
Payment of deferred offering costs through promissory note - related party 0 62,500
Change in value of common stock subject to possible redemption $ 988,490 $ 0

Source