XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net (loss) income $ (363,199) $ 8,068
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest income on restricted cash and cash equivalents held in Trust Account (538,974) (448,084)
Changes in operating assets and liabilities:    
Prepaid insurance (3,417) 37,357
Accounts payable and accrued expenses 4,724 8,213
Net Cash Used in Operating Activities (900,866) (394,446)
Cash Flows from Investing Activities:    
Proceeds released from Trust Account 150,626,760  
Net Cash Provided by Investing Activities 150,626,760  
Cash Flows from Financing Activities:    
Redemption of common stock (149,426,759)  
Net Cash Used in Financing Activities (149,426,759)  
Net increase (decrease) in cash and cash equivalents 299,135 (394,446)
Cash and cash equivalents - beginning 120,382 881,923
Cash and cash equivalents - ending 419,517 487,477
Supplemental disclosure of noncash investing and financing activities:    
Change in shares subject to possible redemption $ 363,199 $ (8,068)