Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net (Loss) income $ 13,791 $ 1,035,578
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities:    
Interest earned on marketable securities held in Trust Account (807,921) (1,596,310)
Changes in operating assets and liabilities:    
Prepaid income taxes 41,843 (96,094)
Prepaid expenses 6,333 (158,494)
Accounts payable and Accrued expenses 65,891 114,955
Net cash and cash equivalents used in operating activities (680,063) (700,365)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account 0 (174,225,000)
Cash withdrawn from Trust Account to pay franchise and income taxes 359,985 411,518
Net cash and cash equivalents provided by (used in) investing activities 359,985 (173,813,482)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 0 169,050,000
Proceeds from sale of Private Units 0 7,175,000
Proceeds from promissory note - related party 150,000 70,000
Repayment of promissory note - related party 0 (220,000)
Payment of offering costs 0 (430,194)
Net cash and cash equivalents provided by financing activities 150,000 175,644,806
Net Change in Cash and Cash Equivalents (170,078) 1,130,959
Cash and cash equivalents - Beginning 319,399 41,093
Cash and cash equivalents - Ending 149,321 1,172,052
Supplemental cash flow information:    
Cash paid for income taxes 107,000 0
Non-cash investing and financing activities:    
Initial classification of common stock subject to possible redemption as of February 11, 2019, the date of the Initial Public Offering 0 170,685,445
Change in value of common stock subject to possible redemption $ 13,786 $ 1,035,573