General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 5 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:        
Net (loss) income $ (3,000) $ (2,143,000) $ 492,000 $ 1,160,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Interest income retained in Trust Account   (1,906,000) (4,130,000) (5,523,000)
Changes in operating assets and liabilities:        
Increase in prepaid expenses   (64,000) (50,000)
(Decrease) increase in accounts payable   (40,000) 13,000 46,000
Increase in accrued liabilities 3,000 2,715,000 2,036,000 2,116,000
Increase in deferred compensation   104,000 81,000 116,000
(Decrease) increase in accrued income and franchise taxes and rounding   (1,000) 65,000  
Net cash used in operating activities (1,271,000) (1,507,000) (2,135,000)
Cash flows from investing activities:        
Withdrawal from Trust Account for redemption of shares of Class A common stock   2,176,000  
Cash deposited in Trust Account (303,152,000) (303,152,000)
Cash withdrawn from Trust Account for taxes 502,000 887,000 1,337,000
Net cash used in investing activities 2,678,000 (302,265,000) (301,815,000)
Cash flows from financing activities:        
Redemption of shares of Class A common stock 25,000 (2,176,000)
Proceeds from sale of stock to Anchor Investor 3,000 3,000
Proceeds from Note payable to Sponsor 90,000 210,000 210,000
Proceeds from sale of Units to the public   300,150,000 300,150,000
Proceeds from sale of Private Placement Warrants 13,582,000 13,582,000
Payment of underwriting discounts (7,830,000) (7,830,000)
Payment of offering costs (109,000) (746,000) (747,000)
Payment of Note payable to Sponsor (300,000) (300,000)
Net cash (used) provided by financing activities 6,000 (2,176,000) 305,069,000 305,068,000
Net increase (decrease) in cash 6,000 (769,000) 1,297,000 1,118,000
Cash at beginning of period   1,124,000 6,000 6,000
Cash at end of period 6,000 355,000 1,303,000 1,124,000
Supplemental disclosure of non-cash financing activities:        
Deferred underwriters' compensation 10,179,000 10,179,000
Cash paid for income taxes $ 382,000 $ 201,000 1,137,000
Deferred offering costs included in accounts payable and accrued liabilities $ 123,000