XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Statement of Cash Flows
11 Months Ended
Dec. 31, 2018
USD ($)
Cash Flows from Operating Activities:  
Net income $ 341,708
Adjustments to reconcile net income to net cash used in operating activities:  
Other Income from the investment held in Trust Account (175)
Interest earned on investment held in Trust Account (444,156)
Changes in current assets and current liabilities:  
Prepaid assets (13,762)
Accounts payable and accrued expense 10,089
Due to related parties 2,379
Net cash used in operating activities (103,917)
Cash Flows from Investing Activities:  
Purchase of investment held in Trust Account (114,879,920)
Net cash used in investing activities (114,879,920)
Cash Flows from Financing Activities:  
Proceeds from initial public offering, net of underwriters' fees and offering costs 111,818,996
Proceeds from private placement 3,297,600
Proceeds from sale of ordinary shares to Initial Shareholders 19,550
Proceeds from sponsor loan 300,000
Proceeds from underwriter's unit purchase option 100
Advances from related parties 71,256
Repayment of advances from related parties (71,256)
Net cash provided by financing activities 115,436,246
Net Change in Cash 452,409
Cash – Beginning of the period
Cash – Ending of period 452,409
Supplemental Disclosure of Non-cash Financing Activities:  
Payments of prepaid expenses associated with proposed public offering made by related parties $ 71,000