Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 198,975 $ 704,247
Adjustments to reconcile net income to net cash used in operating activities:    
Interest income earned on investments held in Trust Account (1,203,538) (1,420,186)
Changes in operating assets and liabilities:    
Prepaid income taxes (29,127)
Prepaid expenses (35,840) 17,715
Accounts payable and accrued expenses (8,358) 39,488
Franchise and income taxes payable (82,317) (24,694)
Due to related party 87,000
Net cash used in operating activities (1,160,205) (596,430)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account for redemptions 69,305,537
Investment of cash in Trust Account (431,164)  
Interest income released from Trust Account to pay taxes 396,885 330,603
Net cash provided by investing activities 69,271,258 330,603
Cash Flows from Financing Activities:    
Proceeds from convertible promissory note from related party 254,359
Advances from related party 742,405 356,566
Repayment of advances from related party (100,000)
Proceeds from promissory note - CannBioRx 942,870
Repayment of convertible promissory note - related party (80,000)
Redemptions of common stock (69,305,537)
Net cash (used in) provided by financing activities (67,545,903) 356,566
Net Change in Cash 565,150 90,739
Cash - Beginning of period 270,884 428,393
Cash - Ending of period 836,034 519,132
Supplementary cash flow information:    
Cash paid for income taxes 261,165 236,578
Non-cash investing and financing activities:    
Change in value of common stock subject to possible redemption 198,973 704,251
Conversion of advances and promissory notes to convertible promissory notes 314,509
Transfer of convertible notes owed to the Sponsor to promissory note owed to Tyche Capital LLC 650,000
Contribution of Initial Loan to Trust Account by Sponsor $ 573,433