Reconciliation of Net Loss per Common Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Reconciliation of Net Loss per Common Share

Note 9 — Reconciliation of Net Loss per Common Share

The Company’s net income (loss) is adjusted for the portion of income that is attributable to common stock subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per common share is:

	For The Year Ended December 31, 2017			For The Period From May 19, 2016 (Inception) Through December 31, 2016
Net income (loss)		54,914			(700	)
Less: income attributable to common stock subject to redemption (1)		(130,643	)		—
Adjusted loss		(75,729	)		(700	)
Basic and diluted weighted average shares outstanding (2)		1,368,301			1,000,000
Basic and diluted loss per common share		(0.06	)		(0.00	)

(1)	Income attributable to common stock subject to redemption was calculated in portion of the interest income earned in trust account, which would be distributed to common stockholders at the event they choose to exercise their redemption right at the closing of Initial Business Combination.
(2)	Excludes an aggregate of up to 3,884,660 common shares subject to redemption at December 31, 2017 and 150,000 shares of common stock that are subject to forfeiture if the over-allotment option is not exercised by the underwriter at December 31, 2016. An aggregate of 43,753 shares of common stock were cancelled after partial exercise of the over-allotment option by the underwriters.