Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS
 3 Months Ended
Mar. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,522,486
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (2,250,075)
Unrealized loss on marketable securities held in Trust Account 20,917
Deferred tax benefit (14,050)
Changes in operating assets and liabilities:  
Prepaid expenses (12,950)
Prepaid income taxes 27,140
Accrued expenses (54,191)
Income taxes payable 231,719
Net cash used in operating activities (529,004)
Cash Flows from Investing Activities:  
Cash withdrawn from Trust Account to pay franchise and income taxes 305,250
Net cash provided by investing activities 305,250
Net Change in Cash (223,754)
Cash - Beginning of period 2,238,275
Cash - End of period 2,014,521
Supplemental cash flow information:  
Cash paid for income taxes 160,000
Non-Cash investing and financing activities:  
Change in value of common stock subject to possible redemption $ 1,522,483