Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (933,862) $ (2,881)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,745,490)  
Unrealized loss on marketable securities held in Trust Account 20,478  
Deferred tax benefit (2,939)  
Changes in operating assets and liabilities:    
Prepaid expenses 64,965  
Prepaid income taxes (255,364)  
Accounts payable and accrued expenses 1,691,302 365
Income taxes payable (94,636)  
Net cash used in operating activities (1,255,546) (2,516)
Cash Flow from Investing Activities:    
Cash withdrawn from Trust account for franchise and income tax payments 673,860  
Net cash provided by investing activities 673,860  
Cash Flow from Financing Activities:    
Proceeds from promissory note – related party   87,600
Payment of offering costs   (91,740)
Net cash used in financing activities   (4,140)
Net Change in Cash (581,686) (6,656)
Cash – Beginning 1,083,611 42,061
Cash – Ending 501,925 35,405
Supplementary cash flow information:    
Cash paid for income taxes 350,000  
Non-cash investing and financing activities:    
Change in value of common stock subject to possible redemption $ (933,868)  
Deferred offering costs included in accrued offering costs   $ 171,966