Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 574,000 $ (27,000)
Costs paid directly to vendors by Sponsor 6,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Decrease in accounts payable and accrued expenses (147,000)
Increase in accrued taxes 240,000
Increase in prepaid expenses (36,000)
Trust income retained in Trust Account (1,076,000)
Net cash used in operating activities (446,000) (21,000)
Cash flows from financing activities:    
Proceeds from note payable to Sponsor 164,000
Payment of offering costs (89,000)
Net cash provided by financing activities 75,000
Net (decrease) increase in cash (446,000) 26,000
Cash at beginning of period 1,752,000
Cash at end of period 1,306,000 80,000
Supplemental disclosure of non-cash financing activities:    
Deferred offering costs included in note payable to Sponsor $ 222,000