Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

v3.20.2
CONDENSED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ (1,000) $ 1,396,133
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account 0 (2,299,220)
Unrealized gain on marketable securities held in Trust Account 0 4,020
Deferred tax benefit 0 (10,502)
Changes in operating assets and liabilities:    
Prepaid expenses 0 55,175
Prepaid income taxes 0 27,140
Accrued expenses 1,000 (83,073)
Income taxes payable 0 194,583
Net cash used in operating activities 0 (715,744)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay franchise and income taxes 0 364,250
Net cash provided by investing activities 0 364,250
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor 25,000 0
Proceeds from promissory note - related party 200,000 0
Payment of offering costs (217,128) 0
Net cash provided by financing activities 7,872 0
Net Change in Cash 7,872 (351,494)
Cash - Beginning of period   2,238,275
Cash - End of period 7,872 1,886,781
Supplemental cash flow information:    
Cash paid for income taxes 0 160,000
Non-Cash investing and financing activities:    
Change in value of common stock subject to possible redemption 0 1,396,134
Deferred offering costs included in accrued offering costs $ 99,982 $ 0