Condensed Statement of Cash Flows |
3 Months Ended |
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Mar. 31, 2019
USD ($)
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Cash Flows from Operating Activities: | |
Net loss | $ (13,739) |
General and administrative expenses paid by related party | 988 |
Changes in operating assets and liabilities: | |
Accounts payable | 10,089 |
Accrued expenses | 726 |
Net cash used in operating activities | (1,936) |
Cash Flows from Financing Activities: | |
Proceeds from note payable to related party | 250,000 |
Offering costs paid | (169,732) |
Net cash provided by financing activities | 80,268 |
Net change in cash | 78,332 |
Cash - beginning of the period | 25,000 |
Cash - end of the period | 103,332 |
Supplemental disclosure of noncash activities: | |
Offering costs included in accrued expenses | 192,880 |
Offering costs included in accounts payable | 89,386 |
Prepaid expenses included in accounts payable | $ 120,233 |
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for the offering costs. No definition available.
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- Definition Cash outflow associated with offering costs paid. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable for the offering costs. No definition available.
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- Definition Amount of prepaid expenses included in accounts payable. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes 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. Includes effect from exchange rate changes. No definition available.
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in current receivables (due within one year or one operating cycle) to be collected from an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership. 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 financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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