XML 16 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ (1,000) $ 660,445
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,583,780)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 15,803
Accounts payable and accrued expenses 1,000 (139,785)
Franchise tax payable (108,140)
Income taxes payable 562,014
Net cash used in operating activities (593,443)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay franchise taxes 208,140
Net cash provided by investing activities 208,140
Cash Flows from Financing Activities    
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from promissory note – related party 25,000
Payment of offering costs (25,000)
Net cash provided by financing activities 25,000
Net Change in Cash 25,000 (385,303)
Cash - Beginning of period 994,810
Cash - End of period 25,000 609,507
Non-Cash investing and financing activities:    
Change in value of common stock subject to possible redemption 660,450
Offering costs included in accrued offering costs $ 5,000