XML 1054 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income/(loss) $ 1,458,376 $ 1,736,729 $ (23,684)
Changes in state franchise tax accrual (160,050) 199,442 608
Changes in prepaid assets 122,301 (206,849)  
Changes in deferred offering costs   153,198 (153,198)
Changes in deferred income tax provision (42,135)    
Changes in income taxes payable 334,651 461,662  
Changes in accrued expenses, formation and offering costs 3,655,402 (85,353) 111,011
Net cash provided by/(used in) operating activities 5,368,545 2,258,829 (65,263)
Cash flows from investing activities:      
Cash deposited in Trust Account   (400,000,000)  
Interest reinvested in Trust Account (5,979,767) (2,605,952)  
Net cash used in investing activities (5,979,767) (402,605,952)  
Cash flows from financing activities:      
Proceeds from sale of Units in initial public offering   400,000,000  
Proceeds from sale of Private Placement Warrants to Sponsor   10,000,000  
Proceeds from notes and advances payable - related party     150,000
Proceeds from sale of Class F common stock to Sponsor     25,000
Repayment of notes and advances payable – related party   (150,000)  
Payment of underwriter's discounts and commissions   (8,000,000)  
Payment of accrued offering costs   (756,432)  
Net cash provided by financing activities   401,093,568 175,000
(Decrease) Increase in cash (611,222) 746,445 109,737
Cash at beginning of period 856,182 109,737  
Cash at end of period 244,960 856,182 109,737
Supplemental disclosure of non-cash financing activities:      
Deferred underwriting compensation   14,000,000  
Offering costs included in accrued expenses     $ 88,011
Cash paid for income and state franchise taxes $ 1,579,515 $ 608