Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ 384,634 $ (25,967)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income earned on marketable securities held in Trust Account (872,916) (55,729)
Changes in operating assets and liabilities:    
Prepaid expenses (11,754) (29,908)
Accounts payable and accrued expenses (63,596) 34,651
Due to related party 57,000
Franchise and income taxes payable 178,725
Net cash used in operating activities (327,907) (76,953)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (116,150,000)
Interest income released from Trust Account to pay taxes 102,912
Net cash provided by (used in) investing activities 102,912 (116,150,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 112,125,000
Proceeds from sale of Private Units 5,025,000
Increase in due to related party 339,655 51,521
Repayment of note payable - related party (191,521)
Payment of offering costs (272,686)
Net cash provided by financing activities 339,655 116,737,314
Net Change in Cash 114,660 510,361
Cash - Beginning of period 428,393 67,250
Cash - Ending of period 543,053 577,611
Non-Cash investing and financing activities:    
Deferred underwriting fees charged to additional paid in capital 4,025,000
Offering costs charged to additional paid in capital 172,750
Change in value of common stock subject to possible redemption $ 384,637 $ 13,152