Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.19.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net income $ 1,480,000 $ 1,362,000
Adjustments to reconcile net income to net cash used in operating activities:    
Interest income earned on Trust Account (3,566,000) (2,355,000)
Changes in operating assets and liabilities:    
Increase (decrease) in accounts payable and accrued expenses 618,000 (248,000)
Decrease in accrued franchise and income taxes (205,000) (130,000)
(Increase) decrease in prepaid expenses, rounding and other (32,000) 5,000
Net cash used in operating activities (1,705,000) (1,366,000)
Cash flows from investing activities -Withdrawal from Trust Account for taxes and working capital 1,910,000 1,427,000
Net increase in cash 205,000 61,000
Cash at beginning of period 1,180,000 1,752,000
Cash at end of period 1,385,000 1,813,000
Supplemental disclosure of non-cash financing activities:    
Cash paid for income taxes 812,000 677,000
Change in value of common stock subject to possible redemption $ 1,480,000 $ 1,362,000