Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v3.10.0.1
Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 2,344,000 $ (64,000)
Costs paid directly to vendors by Sponsor 6,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income earned on Trust Account (3,878,000)
Changes in operating assets and liabilities:    
(Decrease) increase in accounts payable and accrued expenses (248,000) 35,000
Decrease in accrued taxes (5,000)
Decrease in prepaid expenses 45,000
Net cash used in operating activities (1,742,000) (23,000)
Cash flows from financing activities:    
Withdrawal from Trust Account for taxes and working capital 1,427,000
Proceeds from note payable to Sponsor 183,000
Payment of offering costs (142,000)
Net cash provided by financing activities 1,427,000 41,000
Net (decrease) increase in cash (315,000) 18,000
Cash at beginning of period 1,752,000 26,000
Cash at end of period 1,437,000 71,000
Cash paid for taxes 880,000
Supplemental disclosure of non-cash financing activities: Deferred offering costs included in note payable to Sponsor $ 50,000