XML 29 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
QUARTERLY FINANCIAL INFORMATION
9 Months Ended
Dec. 31, 2017
QUARTERLY FINANCIAL INFORMATION  
QUARTERLY FINANCIAL INFORMATION

10.  QUARTERLY FINANCIAL INFORMATION

 

Following are the Company’s unaudited quarterly statements of operations for the period from March 21, 2017 (inception) to June 30, 2017 and the quarters ended September 30, 2017 and December 31, 2017. In the opinion of management, the financial information reflects all necessary adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of operations for these periods. These quarterly operating results are not necessarily indicative of the Company’s operating results for any future period.

 

 

 

2017

 

 

 

For the Period 
from March 
21, 2017 
(inception) to 
June 30, 2017

 

For the Three 
Months Ended 
September 30,
 2017

 

For the Three 
Months 
Ended 
December 31, 
2017

 

For the Period 
from March 
21, 2017 
(inception) 
through 
December 31, 
2017

 

Operating costs

 

$

1,686

 

$

145,792

 

$

337,938

 

$

485,416

 

Loss from operations

 

(1,686

)

(145,792

)

(337,938

)

(485,416

)

Other Income:

 

 

 

 

 

 

 

 

 

Unrealized (loss) gain on marketable securities held in Trust Account

 

 

93,019

 

(115,263

)

(22,244

)

Interest income

 

 

976,806

 

1,298,180

 

2,274,986

 

Provision for income taxes

 

 

(313,598

)

(313,085

)

(626,683

)

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

(1,686

)

$

610,435

 

$

531,894

 

$

1,140,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) per common share:

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.00

)

$

0.05

 

$

0.02

 

$

(0.01

)

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

Basic and diluted

 

10,000,000

 

12,303,095

 

13,158,035

 

11,860,829

 

 

Balance Sheet Data (at period end)

 

 

 

June 30, 
2017

 

September 30, 
2017

 

December 31,
2017

 

Cash

 

$

22,186

 

$

4,573,852

 

$

4,440,816

 

Marketable securities held in Trust Account

 

 

461,069,825

 

461,549,163

 

Total assets

 

290,314

 

465,909,927

 

466,268,939

 

Deferred underwriting fees

 

 

16,100,000

 

16,100,000

 

Total liabilities

 

267,000

 

16,459,008

 

16,286,126

 

Common stock subject to possible redemption

 

 

444,450,918

 

444,982,812

 

Total Stockholders’ Equity

 

$

23,314

 

$

5,000,001

 

$

5,000,001