Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.8.0.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 340,087 $ 428,393
Prepaid expenses 50,723 41,944
Total current assets 390,810 470,337
Cash and marketable securities held in Trust Account 116,916,716 116,588,017
Total Assets 117,307,526 117,058,354
Current liabilities:    
Accounts payable and accrued expenses 56,302 24,544
Franchise and income taxes payable 50,249 88,401
Due to related party 156,171 95,186
Total current liabilities 262,722 208,131
Deferred underwriting fees 4,025,000 4,025,000
Total Liabilities 4,287,722 4,233,131
Commitments  
Common stock subject to possible redemption, 10,695,030 and 10,675,764 shares as of March 31, 2018 and December 31, 2017, respectively (at redemption value of approximately $10.10 per share) 108,019,803 107,825,218
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of March 31, 2018 and December 31, 2017
Common stock, $0.0001 par value; 35,000,000 shares authorized; 4,182,470 and 4,201,736 shares issued and outstanding (excluding 10,695,030 and 10,675,764 shares subject to possible redemption) as of March 31, 2018 and December 31, 2017, respectively 418 420
Additional paid-in capital 4,684,343 4,878,926
Retained earnings 315,240 120,659
Total Stockholders' Equity 5,000,001 5,000,005
Total Liabilities and Stockholders' Equity $ 117,307,526 $ 117,058,354