Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 333,179 $ 308,767
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (418,597) (413,855)
Unrealized gain on marketable securities held in Trust Account (58,919) (50)
Changes in operating assets and liabilities:    
Prepaid expenses (62,633) (140,141)
Accounts payable and accrued expenses 12,728 19,888
Net cash used in operating activities (194,242) (225,391)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (108,000,000)
Net cash used in investing activities (108,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 105,300,000
Proceeds from sale of Private Units 3,950,000
Advances from related party 9,041
Repayment of advances from related party (81,280)
Repayment of promissory note - related party (34,259)
Payments of offering costs (391,875)
Net cash provided by financing activities 108,751,627
Net Change in Cash (194,242) 526,236
Cash - Beginning 352,524
Cash - Ending 158,282 526,236
Non-Cash Investing and Financing Activities:    
Initial classification of ordinary shares subject to possible redemption 103,741,340
Change in value of ordinary shares subject to possible redemption $ 333,179 $ 308,976