Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (unaudited)

v3.8.0.1
Condensed Statement of Cash Flows (unaudited)
 3 Months Ended
Mar. 31, 2018
USD ($)
Cash Flows from Operating Activities:  
Net income $ 22,449
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (83,293)
Unrealized gain on marketable securities held in Trust Account (14,582)
Changes in operating assets and liabilities:  
Prepaid expenses (32,900)
Accounts payable and accrued expenses 58,913
Income taxes payable 5,968
Net cash used in operating activities (43,445)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (116,150,000)
Net cash used in investing activities (116,150,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 112,700,000
Proceeds from sale of Private Placement Units 4,450,000
Proceeds from Unit Purchase Option 100
Advances from related party 67,013
Repayment of advances from related party (67,013)
Repayment of promissory note - related party (122,839)
Payment of offering costs (296,247)
Net cash provided by financing activities 116,731,014
Net Change in Cash 537,569
Cash - Beginning 22,002
Cash - Ending 559,571
Non-cash investing and financing activities:  
Initial classification of common stock subject to redemption 111,741,988
Change in value of common stock subject to redemption $ 22,438