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Quarterly Financial Data (Unaudited) (Restated)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited) (Restated)

Note 14 — Quarterly Financial Data (Unaudited) (Restated)

In lieu of filing amended Quarterly Report on Form 10-Q for the periods ended March 31, 2019, June 30, 2019, September 30, 2019, March 31, 2020, June 30, 2020, and September 30, 2020, the following tables represent the Company’s restated financial statements (unaudited) for each of the restated periods.

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	296,759	$	-		$	296,759
Prepaid assets		7,415		-			7,415
Total Current Assets		304,174		-			304,174
							-
Cash and investments held in Trust Account		116,012,861		-			116,012,861
Total Assets	$	116,317,035	$	-		$	116,317,035

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	4,069	$	-		$	4,069
Promissory note - related party		300,000		-			300,000
Total Current Liabilities		304,069		-			304,069

Warrants liabilities		-		585,321			585,321
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		4,324,866		585,321			4,910,187

Commitments and Contingencies

Ordinary shares subject to possible redemption, 10,593,284 and 10,535,331 shares as previously reported and as restated, respectively, at conversion value of $10.10 per share		106,992,168		(585,326	)		106,406,842

Shareholders’ Equity:
Preference shares, no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,096,466 and 4,154,419 shares (excluding 10,593,284 and 10,535,331 shares subject to possible redemption) as previously reported and as restated, respectively		4,123,281		(80,246	)		4,043,035
Retained earnings		876,720		80,251			956,971
Total Shareholders’ Equity		5,000,001		5			5,000,006

Total Liabilities and Shareholders’ Equity	$	116,317,035	$	-		$	116,317,035

	Three Months Ended March 31, 2019
	As Previously					As
	Reported			Adjustments		Restated
Operating costs	$	153,741		$	-	$	153,741
Loss from operations		(153,741	)		-		(153,741	)

Other income:
Interest income - bank		143			-		143
Interest income		688,610			-		688,610
Change in fair value of warrant liabilities		-			25,857		25,857
Total other income		688,753			25,857		714,610

Net income		535,012			25,857		560,869
Less: income attributable to ordinary shares subject to possible redemption		(634,967	)		3,443		(631,524	)
Adjusted net loss	$	(99,955	)	$	29,300	$	(70,655	)

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,086,448			60,874		4,147,322

Adjusted basic and diluted net loss per ordinary share	$	(0.02	)	$	-	$	(0.02	)

(1)

Excludes an aggregate of up to 10,593,284 and 10,535,331 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at March 31, 2019.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	535,012		$	25,857		$	560,869
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(688,610	)		-			(688,610	)
Change in fair value of warrant liabilities		-			(25,857	)		(25,857	)
Changes in current assets and current liabilities:
Prepaid assets		6,347			-			6,347
Accounts payable and accrued expense		(6,020	)		-			(6,020	)
Due to related parties		(2,379	)		-			(2,379	)
Net Cash Used in Operating Activities		(155,650	)		-			(155,650	)

Net Decrease in Cash		(155,650	)		-			(155,650	)
Cash – Beginning of the period		452,409			-			452,409
Cash – Ending of period	$	296,759		$	-		$	296,759

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	535,015		$	25,851		$	560,866

ALBERTON ACQUISITION CORPORATION
BALANCE SHEET
JUNE 30, 2019

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	165,890	$	-		$	165,890
Prepaid assets		1,651		-			1,651
Total Current Assets		167,541		-			167,541
							-
Cash and investments held in Trust Account		116,706,912		-			116,706,912
Total Assets	$	116,874,453	$	-		$	116,874,453

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	4,272	$	-		$	4,272
Promissory note - related party		300,000		-			300,000
Total Current Liabilities		304,272		-			304,272

Warrants liabilities		-		568,672			568,672
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		4,325,069		568,672			4,893,741

Commitments and Contingencies

Ordinary shares subject to possible redemption, 10,585,569 and 10,529,597 shares as previously reported and as restated, respectively, at conversion value of $10.16 per share		107,549,381		(568,677	)		106,980,704

Shareholders’ Equity:
Preference shares no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,104,181 and 4,160,153 shares (excluding 10,585,569 and 10,529,597 shares subject to possible redemption) as previously reported and as restated, respectively		3,566,068		(96,895	)		3,469,173
Retained earnings		1,433,935		96,900			1,530,835
Total Shareholders’ Equity		5,000,003		5			5,000,008

Total Liabilities and Shareholders’ Equity	$	116,874,453	$	-		$	116,874,453

	Three Months Ended June 30, 2019								Six Months Ended June 30, 2019
	As Previously					As			As Previously					As
	Reported			Adjustments		Restated			Reported			Adjustments		Restated
Operating costs	$	137,145		$	-	$	137,145		$	290,886		$	-	$	290,886
Loss from operations		(137,145	)		-		(137,145	)		(290,886	)		-		(290,886	)

Other income:
Interest income - bank		309			-		309			452			-		452
Interest income		694,051			-		694,051			1,382,661			-		1,382,661
Change in fair value of warrant liabilities		-			16,649		16,649			-			42,506		42,506
Total other income		694,360			16,649		711,009			1,383,113			42,506		1,425,619

Net income		557,215			16,649		573,864			1,092,227			42,506		1,134,733
Less: income attributable to ordinary shares subject to possible redemption		(639,499	)		3,332		(636,167	)		(1,273,984	)		6,637		(1,267,347	)
Adjusted net loss	$	(82,284	)	$	19,981	$	(62,303	)	$	(181,757	)	$	49,143	$	(132,614	)

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,104,181			50,238		4,154,419			4,091,485			59,405		4,150,890

Adjusted basic and diluted net loss per ordinary share	$	(0.02	)	$	0.01	$	(0.01	)	$	(0.04	)	$	0.01	$	(0.03	)

(1)

Excludes an aggregate of up to 10,585,569 and 10,529,597 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at June 30, 2019.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	1,092,227		$	42,506		$	1,134,733
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(1,382,661	)		-			(1,382,661	)
Change in fair value of warrant liabilities		-			(42,506	)		(42,506	)
Changes in current assets and current liabilities:
Prepaid assets		12,111			-			12,111
Accounts payable and accrued expense		(5,817	)		-			(5,817	)
Due to related parties		(2,379	)		-			(2,379	)
Net Cash Used in Operating Activities		(286,519	)		-			(286,519	)

Net Decrease in Cash		(286,519	)		-			(286,519	)
Cash – Beginning of the period		452,409			-			452,409
Cash – Ending of period	$	165,890		$	-		$	165,890

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	1,092,228		$	42,500		$	1,134,728

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	1,237,095	$	-		$	1,237,095
Total Current Assets		1,237,095		-			1,237,095
							-
Cash and investments held in Trust Account		117,324,145		-			117,324,145
Total Assets	$	118,561,240	$	-		$	118,561,240

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	5,675	$	-		$	5,675
Promissory note		1,148,800		-			1,148,800
Promissory note - related party		300,000		-			300,000
Total Current Liabilities		1,454,475		-			1,454,475

Warrants liabilities		-		548,309			548,309
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		5,475,272		548,309			6,023,581

Commitments and Contingencies

Ordinary shares subject to possible redemption, 10,586,284 and 10,532,581 shares as previously reported and as restated, respectively, at conversion value of $10.21 per share		108,085,960		(548,309	)		107,537,651

Shareholders’ Equity:
Preference shares, no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,103,466 and 4,157,169 shares (excluding 10,586,284 and 10,532,581 shares subject to possible redemption) as previously reported and as restated, respectively		3,029,489		(117,263	)		2,912,226
Retained earnings		1,970,519		117,263			2,087,782
Total Shareholders’ Equity		5,000,008		-			5,000,008

Total Liabilities and Shareholders’ Equity	$	118,561,240	$	-		$	118,561,240

	Three Months Ended September 30, 2019								Nine Months Ended September 30, 2019
	As Previously					As			As Previously					As
	Reported			Adjustments		Restated			Reported			Adjustments		Restated
Operating costs	$	80,795		$	-	$	80,795		$	371,681		$	-	$	371,681
Loss from operations		(80,795	)		-		(80,795	)		(371,681	)		-		(371,681	)

Other income:
Interest income - bank		146			-		146			598			-		598
Interest income		617,233			-		617,233			1,999,894			-		1,999,894
Change in fair value of warrant liabilities		-			20,363		20,363			-			62,869		62,869
Total other income		617,379			20,363		637,742			2,000,492			62,869		2,063,361

Net income		536,584			20,363		556,947			1,628,811			62,869		1,691,680
Less: income attributable to ordinary shares subject to possible redemption		(568,780	)		2,901		(565,879	)		(1,842,902	)		9,399		(1,833,503	)
Adjusted net loss	$	(32,196	)	$	23,264	$	(8,932	)	$	(214,091	)	$	72,268	$	(141,823	)

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,104,181			55,972		4,160,153			4,095,763			57,758		4,153,521

Adjusted basic and diluted net loss per ordinary share	$	(0.01	)	$	0.01	$	(0.00	)	$	(0.05	)	$	0.02	$	(0.03	)

(1)

Excludes an aggregate of up to 10,586,284 and 10,532,581 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at September 30, 2019.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	1,628,811		$	62,869		$	1,691,680
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(1,999,894	)		-			(1,999,894	)
Change in fair value of warrant liabilities		-			(62,869	)		(62,869	)
Changes in current assets and current liabilities:
Prepaid assets		13,762			-			13,762
Accounts payable and accrued expense		(4,414	)		-			(4,414	)
Due to related parties		(2,379	)		-			(2,379	)
Net Cash Used in Operating Activities		(364,114	)		-			(364,114	)

Cash Flows from Financing Activities:
Proceeds from promissory note		1,148,800			-			1,148,800
Net Cash Provided by Financing Activities		1,148,800			-			1,148,800

Net Increase in Cash		784,686			-			784,686
Cash – Beginning of the period		452,409			-			452,409
Cash – Ending of period	$	1,237,095		$	-		$	1,237,095

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	1,628,807		$	62,868		$	1,691,675

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	11,178	$	-		$	11,178
Prepaid assets		48,625		-			48,625
Total Current Assets		59,803		-			59,803
							-
Cash and investments held in Trust Account		120,728,495		-			120,728,495
Total Assets	$	120,788,298	$	-		$	120,788,298

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	105,043	$	-		$	105,043
Promissory note		1,648,800		-			1,648,800
Promissory note - related party		1,080,000		-			1,080,000
Total Current Liabilities		2,833,843		-			2,833,843

Warrants liabilities		-		516,901			516,901
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		6,854,640		516,901			7,371,541

Commitments and Contingencies

Ordinary shares subject to possible redemption, 10,364,762 and 10,315,581 shares as previously reported and as restated, respectively, at conversion value of $10.51 per share		108,933,649		(516,894	)		108,416,755

Shareholders’ Equity:
Preference shares, no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,324,988 and 4,374,169 shares (excluding 10,364,762 and 10,315,581 shares subject to possible redemption) as previously reported and as restated, respectively		2,181,800		(148,678	)		2,033,122
Retained earnings		2,818,209		148,671			2,966,880
Total Shareholders’ Equity		5,000,009		(7	)		5,000,002

Total Liabilities and Shareholders’ Equity	$	120,788,298	$	-		$	120,788,298

	Three Months Ended March 31, 2020
	As Previously					As
	Reported			Adjustments		Restated
Operating costs	$	149,055		$	-	$	149,055
Loss from operations		(149,055	)		-		(149,055	)

Other income:
Interest income - bank		827			-		827
Interest income		534,368			-		534,368
Change in fair value of warrant liabilities		-			16,418		16,418
Total other income		535,195			16,418		551,613

Net income		386,140			16,418		402,558
Less: income attributable to ordinary shares subject to possible redemption		(482,107	)		2,298		(479,809	)
Adjusted net loss	$	(95,967	)	$	18,716	$	(77,251	)

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,212,191			51,479		4,263,670

Adjusted basic and diluted net loss per ordinary share	$	(0.02	)	$	-	$	(0.02	)

(1)

Excludes an aggregate of up to 10,364,762 and 10,315,581 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at March 31, 2020.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	386,140		$	16,418		$	402,558
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(534,368	)		-			(534,368	)
Change in fair value of warrant liabilities		-			(16,418	)		(16,418	)
Changes in current assets and current liabilities:
Prepaid assets		(40,292	)		-			(40,292	)
Accounts payable and accrued expense		91,344			-			91,344
Net Cash Used in Operating Activities		(97,176	)		-			(97,176	)

Cash Flows from Investing Activities:
Purchase of investment held in Trust Account		(1,148,800	)		-			(1,148,800	)
Net Cash Used in Investing Activities		(1,148,800	)		-			(1,148,800	)

Cash Flows from Financing Activities:
Proceeds from promissory note – related party		780,000			-			780,000
Net Cash Provided by Financing Activities		780,000			-			780,000

Net Decrease in Cash		(465,976	)		-			(465,976	)
Cash – Beginning of the period		477,154			-			477,154
Cash – Ending of period	$	11,178		$	-		$	11,178

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	386,139		$	16,427		$	402,566

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	9,289	$	-		$	9,289
Prepaid assets		36,010		-			36,010
Total Current Assets		45,299		-			45,299
							-
Cash and investments held in Trust Account		14,993,648		-			14,993,648
Total Assets	$	15,038,947	$	-		$	15,038,947

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	156,574	$	-		$	156,574
Due to related party		100,005		-			100,005
Promissory note		1,748,800		-			1,748,800
Promissory note - related party		1,080,000		-			1,080,000
Total Current Liabilities		3,085,379		-			3,085,379

Warrants liabilities		-		510,839			510,839
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		7,106,176		510,839			7,617,015

Commitments and Contingencies

Ordinary shares subject to possible redemption, 276,676 and 228,484 shares as previously reported and as restated, respectively, at conversion value of $10.60 per share		2,932,762		(510,833	)		2,421,929

Shareholders’ Equity:
Preference shares, no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,339,562 and 4,387,754 shares (excluding 276,676 and 228,484 shares subject to possible redemption) as previously reported and as restated, respectively		2,303,569		(154,739	)		2,148,830
Retained earnings		2,696,440		154,733			2,851,173
Total Shareholders’ Equity		5,000,009		(6	)		5,000,003

Total Liabilities and Shareholders’ Equity	$	15,038,947	$	-		$	15,038,947

	Three Months Ended June 30, 2020								Six Months Ended June 30, 2020
	As Previously					As			As Previously					As
	Reported			Adjustments		Restated			Reported			Adjustments		Restated
Operating costs	$	146,045		$	-	$	146,045		$	295,100		$	-	$	295,100
Loss from operations		(146,045	)		-		(146,045	)		(295,100	)		-		(295,100	)

Other income:
Interest income - bank		5			-		5			832			-		832
Interest income		24,271			-		24,271			558,639			-		558,639
Change in fair value of warrant liabilities		-			6,062		6,062			-			22,480		22,480
Total other income		24,276			6,062		30,338			559,471			22,480		581,951

Net (loss) income		(121,769	)		6,062		(115,707	)		264,371			22,480		286,851
Less: income attributable to ordinary shares subject to possible redemption		(4,747	)		827		(3,920	)		(109,270	)		19,050		(90,220	)
Adjusted net loss	$	(126,516	)	$	6,889	$	(119,627	)	$	155,101		$	41,530	$	196,631

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,324,988			49,181		4,374,169			4,268,590			50,330		4,318,920

Adjusted basic and diluted net loss per ordinary share	$	(0.03	)	$	0.00	$	(0.03	)	$	0.04		$	0.01	$	0.05

(1)

Excludes an aggregate of up to 276,676 and 228,484 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at June 30, 2020.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	264,371		$	22,480		$	286,851
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(558,639	)		-			(558,639	)
Change in fair value of warrant liabilities		-			(22,480	)		(22,480	)
Changes in current assets and current liabilities:
Prepaid assets		(27,677	)		-			(27,677	)
Accounts payable and accrued expense		142,875			-			142,875
Due to related party		100,005			-			100,005
Net Cash Used in Operating Activities		(79,065	)		-			(79,065	)

Cash Flows from Investing Activities:
Purchase of investment held in Trust Account		(1,268,800	)		-			(1,268,800	)
Cash withdrawn from Trust Account to pay redeeming shareholders		105,879,118			-			105,879,118
Net Cash Provided by Investing Activities		104,610,318			-			104,610,318

Cash Flows from Financing Activities:
Proceeds from promissory note – related party		780,000			-			780,000
Proceeds from promissory note		100,000			-			100,000
Redemption of ordinary shares		(105,879,118	)		-			(105,879,118	)
Net Cash Used in Financing Activities		(104,999,118	)		-			(104,999,118	)

Net Decrease in Cash		(467,865	)		-			(467,865	)
Cash – Beginning of the period		477,154			-			477,154
Cash – Ending of period	$	9,289		$	-		$	9,289

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	264,370		$	22,488		$	286,858

	As Previously					As
	Reported		Adjustments			Restated
Assets
Cash	$	1,595	$	-		$	1,595
Prepaid assets		19,385		-			19,385
Total Current Assets		20,980		-			20,980
							-
Cash and investments held in Trust Account		15,174,028		-			15,174,028
Total Assets	$	15,195,008	$	-		$	15,195,008

Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	187,604	$	-		$	187,604
Due to related party		205,000		-			205,000
Promissory notes		1,868,800		-			1,868,800
Promissory note - related party		1,080,000		-			1,080,000
Total Current Liabilities		3,341,404		-			3,341,404

Warrants liabilities		-		495,105			495,105
Deferred underwriting compensation		4,020,797		-			4,020,797
Total Liabilities		7,362,201		495,105			7,857,306

Commitments and Contingencies

Ordinary shares subject to possible redemption, 264,008 and 217,866 shares as previously reported and as restated, respectively, at conversion value of $10.73 per share		2,832,801		(495,103	)		2,337,698

Shareholders’ Equity:
Preference shares, no par value, 100,000,000 shares authorized, none issued and outstanding		-		-			-
Ordinary shares, no par value; 300,000,000 shares authorized; 4,352,230 and 4,398,372 shares (excluding 264,008 and 217,866 shares subject to possible redemption) as previously reported and as restated, respectively		2,403,530		(170,469	)		2,233,061
Retained earnings		2,596,476		170,467			2,766,943
Total Shareholders’ Equity		5,000,006		(2	)		5,000,004

Total Liabilities and Shareholders’ Equity	$	15,195,008	$	-		$	15,195,008

	Three Months Ended September 30, 2020								Nine Months Ended September 30, 2020
	As Previously					As			As Previously					As
	Reported			Adjustments		Restated			Reported			Adjustments		Restated
Operating costs	$	100,347		$	-	$	100,347		$	395,447		$	-	$	395,447
Loss from operations		(100,347	)		-		(100,347	)		(395,447	)		-		(395,447	)

Other income:
Interest income - bank		3			-		3			835			-		835
Interest income		380			-		380			559,019			-		559,019
Change in fair value of warrant liabilities		-			15,734		15,734			-			38,214		38,214
Total other income		383			15,734		16,117			559,854			38,214		598,068

Net (loss) income		(99,964	)		15,734		(84,230	)		164,407			38,214		202,621
Less: income attributable to ordinary shares subject to possible redemption		(71	)		12		(59	)		(104,313	)		18,224		(86,089	)
Adjusted net (loss) income	$	(100,035	)	$	15,746	$	(84,289	)	$	60,094		$	56,438	$	116,532

Basic and diluted weighted average shares outstanding ⁽¹⁾		4,339,562			48,192		4,387,754			4,292,420			48,465		4,340,885

Adjusted basic and diluted net (loss) income per ordinary share	$	(0.02	)	$	0.00	$	(0.02	)	$	0.01		$	0.02	$	0.03

(1)

Excludes an aggregate of up to 264,008 and 217,866 ordinary shares subject to possible redemption as previously reported and as restated, respectively, at September 30, 2020.

	As Previously						As
	Reported			Adjustments			Restated
Cash Flows from Operating Activities:
Net income	$	164,407		$	38,214		$	202,621
Adjustments to reconcile net income to net cash used in operating activities:								-
Interest earned on investment held in Trust Account		(559,019	)		-			(559,019	)
Change in fair value of warrant liabilities		-			(38,214	)		(38,214	)
Changes in current assets and current liabilities:
Prepaid assets		(11,052	)		-			(11,052	)
Accounts payable and accrued expense		173,905			-			173,905
Due to related party		205,000			-			205,000
Net Cash Used in Operating Activities		(26,759	)		-			(26,759	)

Cash Flows from Investing Activities:
Purchase of investment held in Trust Account		(1,448,800	)		-			(1,448,800	)
Cash withdrawn from Trust Account to pay redeeming shareholders		105,879,118			-			105,879,118
Net Cash Provided by Investing Activities		104,430,318			-			104,430,318

Cash Flows from Financing Activities:
Proceeds from promissory note – related party		780,000			-			780,000
Proceeds from promissory note		220,000			-			220,000
Redemption of ordinary shares		(105,879,118	)		-			(105,879,118	)
Net Cash Used in Financing Activities		(104,879,118	)		-			(104,879,118	)

Net Decrease in Cash		(475,559	)		-			(475,559	)
Cash – Beginning of the period		477,154			-			477,154
Cash – Ending of period	$	1,595		$	-		$	1,595

Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	164,409		$	38,218		$	202,627