Statements of Cash Flows - USD ($)
|
7 Months Ended |
12 Months Ended |
Dec. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net Loss |
$ (1,323.00)
|
$ (434,698)
|
$ (263,187)
|
| Adjustments to reconcile Net Loss to net cash provided by operations: |
|
|
|
| Interest earned on cash and securities in trust |
|
(254,730)
|
(74,895)
|
| Changes in operating assets and liabilities: |
|
|
|
| Prepaid expenses |
|
92,645
|
(113,060)
|
| Accounts payable |
|
113,641
|
17,259
|
| Net cash used in Operating Activities |
(1,323)
|
(483,142)
|
(433,883)
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Withdrawal of Trust funds to pay taxes |
|
122,016
|
|
| Investment in cash, cash equivalents and securities in Trust Account |
|
|
(117,300,000)
|
| Net cash provided by (used in) Investing Activities |
|
122,016
|
(117,300,000)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Payment of offering costs |
|
|
(82,906)
|
| Payment of deferred offering costs associated with initial public offering |
(72,562)
|
|
|
| Note payable to stockholder |
50,000
|
60,000
|
(50,000)
|
| Proceeds from sale of shares of common stock to initial stockholders |
25,000
|
|
|
| Proceeds from Public Offering, net of offering costs |
|
|
112,605,665
|
| Proceeds from Insider Units |
|
|
5,585,000
|
| Net cash provided by Financing Activities |
2,438
|
60,000
|
118,057,759
|
| Net increase (decrease) in cash and cash equivalents |
1,115
|
(301,126)
|
323,876
|
| Cash and cash equivalents at beginning of period |
|
324,991
|
1,115
|
| Cash and cash equivalents at end of period |
1,115
|
23,865
|
324,991
|
| Supplemental disclosure of non-cash investing and financing activities |
|
|
|
| Accrual of deferred underwriting fee |
|
|
4,325,000
|
| Accrual of deferred offering costs |
43,208
|
|
|
| Change in value of ordinary shares subject to possible conversion |
|
$ (7,951)
|
|