Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Details)

v3.20.2
Commitments and Contingencies (Details) - USD ($)
1 Months Ended 6 Months Ended 12 Months Ended
Apr. 15, 2019
Mar. 15, 2019
Apr. 10, 2019
Jun. 23, 2017
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Jun. 07, 2017
Commitments and Contingencies (Textual)                
Underwriting commitments, description         The Company granted the underwriters a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On June 23, 2017, the underwriters elected to exercise their over-allotment option to purchase 1,500,000 Units at a purchase price of $10.00 per Unit.      
Underwriting discount         $ 2,875,000      
Deferred underwriting fees           $ 4,025,000  
Purchased an aggregate, shares         125,000      
Purchased an aggregate, per unit       $ 10.10 $ 10.00     $ 0.0225
Pecuniary interest, shares         230,000      
Business combination operating expenses $ 649,825           1,049,825  
Business combination description         Subject to the terms and conditions of the Business Combination Agreement, at the Closing, the Company will acquire 100% of the outstanding equity and equity equivalents of 180 (including options, warrants or other securities that have the right to acquire or convert into equity securities of the Company) in exchange for shares of KBL Common Stock (the "Transaction Shares") valued at $175 million, subject to adjustment. Each Transaction Share will have a value equal to $10.00. The $175 million of consideration will be reduced by the amount of any liabilities of 180 in excess of $5 million at the Closing.      
Additional loans         $ 1,379,815   1,699,825  
Deferred fee         4,025,000      
Repaid loan         $ 62,922 $ 80,000    
IPO [Member]                
Commitments and Contingencies (Textual)                
Purchased an aggregate, shares       1,500,000        
Purchased an aggregate, per unit       $ 10.00       $ 10.00
Founder Shares [Member]                
Commitments and Contingencies (Textual)                
Related party transaction, description         (i) one year after the completion of a Business Combination, and (ii) the date following the completion of a Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of the Company’s common stock for cash, securities or other property the (“Lock-Up Period”). Notwithstanding the foregoing, if the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after its initial Business Combination, then the lock-up will terminate.      
Founder Shares [Member] | IPO [Member]                
Commitments and Contingencies (Textual)                
Description of sponsor deposited in escrow         In connection with the Business Combination Agreement, the Sponsor deposited in escrow with a third-party escrow agent 1,406,250 of its Founder Shares that it acquired prior to the Company's Initial Public Offering (the "Escrowed Shares"). The Escrowed Shares will be transferred to Tyche, less any portion used for financing for the Transaction, upon the earlier of (i) the closing of the Transaction or (ii) a Liquidation; provided, that if the Company consummates its initial Business Combination with a third party other than 180 or its affiliates, upon the consummation of such Business Combination, in addition to paying the loans described above, the Sponsor will transfer to Tyche a number of Escrowed Shares equal in value to three times the amount of the loans, with each Escrowed Share valued at the price paid to each public stockholder that redeems its shares in connection with such initial Business Combination.      
Business Combination [Member]                
Commitments and Contingencies (Textual)                
Related party transaction, description     The loans are interest-free and can be pre-paid at any time without penalty, but are required to be paid back (subject to a customary waiver against the Company's Trust Account) upon the earlier of (i) the closing of the Transaction, (ii) the consummation by the Company of a transaction with a third party constituting the Company's initial Business Combination, or (iii) the liquidation of the Company if it does not consummate an initial Business Combination prior to its deadline to do so (a "Liquidation"). Promptly after signing the Term Sheet, the Company received the loan of $400,000 to fund the Operating Expenses.          
Business combination operating expenses     $ 400,000       $ 840,482  
Business combination extension expenses     $ 300,000          
Promissory Note [Member]                
Commitments and Contingencies (Textual)                
Related party transaction, description   (i) the consummation of a Business Combination or (ii) the liquidation of the Company. Up to $1,000,000 of the loans under the March Promissory Note may be converted, at the Sponsor’s discretion, into units of the post-Business Combination entity at a price of $10.00 per unit. The units would be identical to the Private Units. Through June 30, 2020, the Sponsor advanced the Company $371,696 under the Expense Reimbursement Agreement (as defined in Note 5), of which $33,877 was advanced during the six months ended June 30, 2020. Through June 30, 2020, the Company repaid $272,337 of the March Promissory Note, of which $62,922 was repaid during the six months ended June 30, 2020.            
Sponsor [Member] | Promissory Note [Member]                
Commitments and Contingencies (Textual)                
Related party transaction, description     In connection with the Term Sheet, Tyche Capital LLC (the "Tyche") paid $650,000 to the Sponsor to purchase $650,000 of the obligations owed to the Sponsor under the March Promissory Note (the "Tyche Note"), but Tyche waived any rights under the assigned portion of the March Promissory Note to convert the obligations under the assigned portion of the March Promissory Note into units of the post-Business Combination entity. Pursuant to the Term Sheet, Tyche also agreed to provide equity financing for the Transaction to ensure that the Company has sufficient cash at the closing of the Transaction to meet its $5,000,001 net tangible assets test. In December 2019, the $650,000 Tyche Note was transferred to 180.