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 ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net (Loss) income $ (189,532) $ 1,147,865
Adjustments to reconcile net (loss) income to net cash and cash equivalents used in operating activities:    
Interest earned on marketable securities held in Trust Account (823,942) (2,570,148)
Changes in operating assets and liabilities:    
Prepaid income taxes 34,707 (73,905)
Prepaid expenses 37,333 (117,872)
Accounts payable and Accrued expenses 172,204 355,980
Net cash and cash equivalents used in operating activities (769,230) (1,258,080)
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Cash withdrawn from Trust Account to pay franchise and income taxes 396,119 584,269
Net cash and cash equivalents provided by (used in) investing activities 396,119 (173,640,731)
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 (223,111) 745,995
Cash and cash equivalents - Beginning 319,399 41,093
Cash and cash equivalents - Ending 96,288 787,088
Supplemental cash flow information:    
Cash paid for income taxes 107,000 582,750
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 $ (189,537) $ 1,147,865