Adding Text
There a few options for this
you click on the button above the text area and click
select text fileand add a.txtfile to the app.you copy and paste from another source, eg a word document etc, directly into the app text area.
you can play the video and type the text yourself.

Side note, you can use auto mated system to get a first drafr of the text such as
autoEdit - see user manual is a fast text based video editing app for os x, that can also be used to get automated transcriptions from IBM Watson and other STT providers to use as a first draft.
Digital Paper Edit - see user manual, latest version of autoEdit. Is a fast text based video editing app for os x, that can also be used to get automated transcriptions from AssemblyAI, Speechamatics etc.. to use as a first draft.
Video downloader app to get automated captions from youtube to use as a first draft.
Others...
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