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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income/(loss) $ (3,378,457) $ 4,261,643
Changes in state franchise tax accrual (170,000) 148,569
Changes in prepaid assets and deferred costs 76,939 (193,429)
Changes in deferred offering costs   437,375
Changes in accrued expenses, formation and offering costs 2,882,693 (294,056)
Changes in current income tax and interest payable (969,658) 497,951
Changes in deferred income tax 2,353 293,594
Net cash provided by/(used in) operating activities (1,556,130) 5,151,647
Cash flows from investing activities:    
Cash deposited in Trust Account   (400,000,000)
Interest reinvested in Trust Account 709,764 (4,738,939)
Net cash provided by/(used in) investing activities 709,764 (404,738,939)
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
Repayment of notes and advances payable – related party   (150,000)
Payment of underwriters’ discounts and commissions   (8,000,000)
Payment of accrued offering costs   (865,105)
Net cash provided by financing activities   400,984,895
Increase/(decrease) in cash (846,366) 1,397,603
Cash at beginning of period 1,365,240 52,489
Cash at end of period 518,874 1,450,092
Supplemental disclosure of cash and non-cash financing activities:    
Deferred underwriting compensation   14,000,000
Cash paid for income and state franchise taxes $ 1,459,136 $ 342,729