Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.19.1
Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 270,884 $ 428,393
Prepaid expenses 41,944
Total current assets 270,884 470,337
Cash and marketable securities held in Trust Account 118,165,948 116,588,017
Total Assets 118,436,832 117,058,354
Current liabilities:    
Accounts payable and accrued expenses 94,720 24,544
Franchise and income taxes payable 82,317 88,401
Due to related party 369,030 95,186
Total current liabilities 546,067 208,131
Deferred underwriting fees 4,025,000 4,025,000
Total Liabilities 4,571,067 4,233,131
Commitments  
Common stock subject to possible redemption, $0.0001 par value; 10,778,788 and 10,675,764 shares as of December 31, 2018 and 2017, respectively (at approximately $10.10 per share) 108,865,759 107,825,218
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of December 31, 2018 and 2017
Common stock, $0.0001 par value; 35,000,000 shares authorized; 4,098,712 and 4,201,736 shares issued and outstanding (excluding 10,778,788 and 10,675,764 shares subject to possible redemption, respectively) as of December 31, 2018 and 2017, respectively 410 420
Additional paid-in capital 3,838,395 4,878,926
Retained earnings 1,161,201 120,659
Total Stockholders' Equity 5,000,006 5,000,005
Total Liabilities and Stockholders' Equity $ 118,436,832 $ 117,058,354