CONDENSED STATEMENT OF CASH FLOWS - USD ($) |
1 Months Ended | 6 Months Ended |
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Jun. 30, 2019 |
Jun. 30, 2020 |
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Cash Flows from Operating Activities: | ||
Net income (loss) | $ (1,000) | $ 566,089 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Interest income earned on marketable securities held in Trust Account | (977,254) | |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 9,250 | |
Accounts payable and accrued expenses | 1,000 | (36,694) |
Income taxes payable | 150,479 | |
Net cash used in operating activities | (288,130) | |
Cash Flows from Financing Activities: | ||
Proceeds from promissory notes - related party | 37,024 | |
Payment of offering costs | (37,024) | |
Net Change in Cash | (288,130) | |
Cash - Beginning | 1,305,608 | |
Cash - Ending | 1,017,478 | |
Non-cash investing and financing activities: | ||
Change in value of common stock subject to possible redemption | $ 566,096 | |
Deferred offering costs paid directly by Sponsor from proceeds of issuance of Class B common stock to Sponsor | $ 25,000 |
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- Definition Represents the amount of change in value of common stock subject to possible redemption during a noncash or partial noncash transaction. No definition available.
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- Definition Represents the amount of deferred offering costs paid directly by Sponsor from proceeds of issuance of Class B common stock to Sponsor during a noncash or partial noncash transaction. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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