Cash and Investment held in Trust Account

12 Months Ended

Dec. 31, 2017

Cash And Investment Held In Trust Account

Cash and Investment held in Trust Account

Note 6 – Cash and Investment held in Trust Account

As of December 31, 2017, investment securities in the Company’s Trust Account consisted of $133 in cash and $45,318,052 in United States Treasury Bills maturity on April 5, 2018 with a cost basis of $45,195,529. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320 “Investments – Debt and Equity Securities”. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheet and adjusted for the amortization or accretion of premiums or discounts. The carrying value, gross unrealized holding loss and fair value of held to maturity securities on December 31, 2017 is as follows:

	Carrying Value as of December 31, 2017		Gross Unrealized / Unrecognized Holding Loss			Fair Value as of December 31,  2017
Held-to-maturity:
U.S. Treasury Securities	$	45,318,052	$	(19,821	)	$	45,298,231