Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (Unaudited)

v3.10.0.1
Condensed Statement of Cash Flows (Unaudited)
 6 Months Ended
Jun. 30, 2018
USD ($)
Cash Flows from Operating Activities:  
Net income $ 329,152
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (614,813)
Unrealized gain on marketable securities held in Trust Account (7,606)
Changes in operating assets and liabilities:  
Prepaid expenses (29,879)
Accounts payable and accrued expenses 155,088
Income taxes payable 87,496
Net cash used in operating activities (80,562)
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 (306,247)
Net cash provided by financing activities 116,721,014
Net Change in Cash 490,452
Cash - Beginning 22,002
Cash - Ending 512,454
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 $ 329,141