Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.8.0.1
Statements of Cash Flows - USD ($)
 4 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ (3,105) $ 123,764
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income earned on marketable securities held in Trust Account (663,017)
Changes in operating assets and liabilities:    
Prepaid expenses (41,944)
Accounts payable and accrued expenses 3,105 (53,561)
Franchise tax payable   88,401
Due to related party 49,000
Net cash used in operating activities (497,357)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (116,150,000)
Interest income released from Trust Account to pay taxes 225,000
Net cash used in investing activities (115,925,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Founders Shares 25,000
Proceeds from sale of Units, net of underwriting discounts paid 112,125,000
Proceeds from sale of Private Units 5,025,000
Proceeds from advances from related party 107,744
Repayment of advances from related party (61,558)
Proceeds from note payable - related party 100,000 51,521
Repayment of note payable - related party (191,521)
Payment of offering costs (57,750) (272,686)
Net cash provided by financing activities 67,250 116,783,500
Net Change in Cash 67,250 361,143
Cash - Beginning 67,250
Cash - Ending 67,250 428,393
Supplementary cash flow information:    
Cash paid for taxes 225,000
Non-Cash investing and financing activities:    
Deferred underwriting fees charged to additional paid in capital 4,025,000
Deferred offering costs charged to additional paid in capital 172,750
Offering costs paid by Sponsor under note payable - related party 40,000
Offering costs included in accounts payable and accrued expenses $ 75,000