6. STOCKHOLDERS' EQUITY

Preferred Shares — The Company is authorized to issue 1,000,000 preferred shares with a par value of $0.0001 per share. At December 31, 2018 and 2017, there are no preferred shares issued or outstanding.

Common Stock — The Company is authorized to issue 35,000,000 shares of the Company's common stock with a par value of $0.0001 per share. Holders of the Company's shares of the Company's common stock are entitled to one vote for each share. At December 31, 2018 and 2017, there were 4,098,712 and 4,201,736 shares of common stock issued and outstanding, respectively, excluding 10,778,788 and 10,675,764 shares of common stock subject to possible redemption, respectively.