0001683168-18-003285.txt : 20181107 0001683168-18-003285.hdr.sgml : 20181107 20181107171919 ACCESSION NUMBER: 0001683168-18-003285 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 39 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181107 DATE AS OF CHANGE: 20181107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Black Ridge Acquisition Corp. CENTRAL INDEX KEY: 0001708341 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 821659427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38226 FILM NUMBER: 181167408 BUSINESS ADDRESS: STREET 1: C/O BLACK RIDGE OIL & GAS, INC. STREET 2: 110 NORTH 5TH STREET, SUITE 410 CITY: MINNEAPOLIS STATE: MN ZIP: 55403 BUSINESS PHONE: 952-426-1241 MAIL ADDRESS: STREET 1: C/O BLACK RIDGE OIL & GAS, INC. STREET 2: 110 NORTH 5TH STREET, SUITE 410 CITY: MINNEAPOLIS STATE: MN ZIP: 55403 10-Q 1 brac_10q-093018.htm FORM 10-Q

Table of Contents

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(MARK ONE)

 

☒       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2018

 

☐       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from                   to

 

Commission file number: 001-38226

 

BLACK RIDGE ACQUISITION CORP.

(Exact Name of Registrant as Specified in Its Charter)

 
Delaware   82-1659427

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

c/o Black Ridge Oil & Gas, Inc.

110 North 5th Street, Suite 410

Minneapolis, MN 55403

(Address of principal executive offices)

 

(952) 426-1241

(Issuer’s telephone number)

 

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer Accelerated filer  
Non-accelerated filer Smaller reporting company  
  Emerging growth company  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

 

As of November 5, 2018, 17,695,000 shares of common stock, par value $0.0001 per share, were issued and outstanding.

 

 

 

   

 

 

BLACK RIDGE ACQUISITION CORP.

 

FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2018

TABLE OF CONTENTS

 

 

  Page
Part I. Financial Information  
Item 1. Financial Statements  
Condensed Balance Sheets 1
Condensed Statements of Operations 2
Condensed Statements of Cash Flows 3
Notes to Unaudited Condensed Financial Statements 4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 15
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 17
Item 4. Controls and Procedures 18
Part II. Other Information  
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities 19
Item 6. Exhibits 20
Part III. Signatures 21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 i 

 

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

 

BLACK RIDGE ACQUISITION CORP.

CONDENSED BALANCE SHEETS

 

   September 30,   December 31, 
   2018   2017 
ASSETS   (unaudited)      
Current assets:          
Cash and cash equivalents  $65,946   $427,954 
Prepaid expenses   71,317    33,093 
Deferred income taxes       18,678 
Total current assets   137,263    479,725 
Cash and marketable securities held in Trust Account   140,580,447    138,980,353 
Total assets  $140,717,710   $139,460,078 
           
           
LIABILITIES AND STOCKHOLDERS' EQUITY          
Current liabilities:          
Accounts payable and accrued expenses  $77,571   $45,391 
Accounts payable - related party   8,318    2,940 
Income taxes payable   317,125    85,722 
Deferred income taxes   182     
Total current liabilities   403,196    134,053 
           
Total liabilities   403,196    134,053 
           
Commitments          
           
Common stock, $.0001 par value, subject to possible redemption, 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, at redemption value   135,314,510    134,326,020 
           
Stockholders' equity:          
Preferred stock, $.0001 par value, 1,000,000 shares authorized, none issued and outstanding        
Common stock, $.0001 par value; 35,000,000 shares authorized, 4,375,202 and 4,346,557 shares at September 30, 2018 and December 31, 2017, respectively, issued and outstanding (excluding 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, subject to possible redemption)   438    435 
Additional paid in capital   3,917,927    4,906,420 
Retained earnings   1,081,639    93,150 
Total stockholders' equity   5,000,004    5,000,005 
Total liabilities and stockholders' equity  $140,717,710   $139,460,078 

 

The accompanying notes are an integral part of these unaudited condensed financial statements

 

 

 

 1 

 

 

BLACK RIDGE ACQUISITION CORP.

STATEMENTS OF OPERATIONS

(Unaudited)

 

   Three Months Ended September 30, 2018   Three Months Ended September 30, 2017   Nine Months Ended September 30, 2018   Period from May 9, 2017 (Inception) through September 30, 2017 
                 
General and administrative expenses  $140,870   $625   $400,626   $948 
Loss from operations   (140,870)   (625)   (400,626)   (948)
                     
Other income                    
Interest income   676,147        1,722,249     
Unrealized gain on marketable securities held in Trust Account   4,898        65,618     
Total other income   681,045        1,787,867     
                     
Income (loss) before taxes   540,175    (625)   1,387,241    (948)
Provision for income taxes   (155,526)       (398,752)    
                     
Net income (loss)  $384,649   $(625)  $988,489   $(948)
                     
Weighted average shares outstanding, basic and diluted (1)   4,365,666    3,000,000    4,357,041    3,000,000 
                     
Basic and diluted net loss per common share  $(0.02)  $(0.00)  $(0.07)  $(0.00)

 

(1) Excludes an aggregate of up to 13,319,798 shares subject to redemption at September 30, 2018. Excludes an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters' over-allotment was not exercised in full.

 

The accompanying notes are an integral part of these unaudited condensed financial statements

 

 

 

 2 

 

 

BLACK RIDGE ACQUISITION CORP.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

   Nine Months Ended September 30, 2018   Period from May 9, 2017 (Inception) through September 30, 2017 
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)  $988,489   $(948)
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Interest income   (1,722,249)    
Unrealized gain on marketable securities held in Trust Account   (65,618)    
Deferred income taxes   18,860     
Changes in operating assets and liabilities:          
Prepaid expenses   (38,224)    
Accounts payable and accrued expenses   32,180     
Accounts payable - related party   5,378     
Income taxes payable   231,403     
Net cash used in operating activities   (549,781)   (948)
           
CASH FLOWS FROM INVESTING ACTIVITIES:          
Withdrawal from Trust Account to pay for taxes and franchise fees   187,773     
Net cash provided by investing activities   187,773     
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from promissory note - related party       62,500 
Payment of offering costs       (75,021)
Proceeds from issuance of common stock to Sponsor       25,000 
Net cash provided by financing activities       12,479 
           
NET CHANGE IN CASH AND CASH EQUIVALENTS   (362,008)   11,531 
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD   427,954     
CASH AND CASH EQUIVALENTS AT END OF PERIOD  $65,946   $11,531 
           
SUPPLEMENTAL INFORMATION:          
Income taxes paid  $148,489   $ 
           
NON-CASH INVESTING AND FINANCE ACTIVITIES:          
Offering costs accrued as accounts payable - related party  $   $14,028 
Payment of deferred offering costs through promissory note - related party  $   $62,500 
Change in value of common stock subject to possible redemption  $988,490   $ 

 

The accompanying notes are an integral part of these financial statements

 

 

 

 3 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Note 1 – Description of Organization and Business Operations

 

Black Ridge Acquisition Corp. (“BRAC” or the “Company”, “we”, “us” and ”our”) was incorporated in Delaware on May 9, 2017 as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a “Business Combination”). The Company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region. The Company is focusing its search on businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America.

 

All activity through September 30, 2018 relates to the Company’s formation, its Initial Public Offering, described below, and identifying a target company for a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

The registration statement for the Company’s initial public offering (“Initial Public Offering”) was declared effective on October 4, 2017. The registration statement was initially declared effective for 10,000,000 units (“Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), but the offering was increased to 12,000,000 Units pursuant to Rule 462(b) under the Securities Act of 1933, as amended. On October 10, 2017, the Company consummated the Initial Public Offering of 12,000,000 units, generating gross proceeds of $120,000,000.

 

Simultaneous with the closing of the Initial Public Offering, the Company consummated the sale of 400,000 units (the “Placement Units”) at a price of $10.00 per Unit in a private placement to the Company’s sponsor and sole stockholder prior to the Initial Public Offering, Black Ridge Oil & Gas, Inc. (the “Sponsor”), generating gross proceeds of $4,000,000.

 

Following the closing of the Initial Public Offering on October 10, 2017, an amount of $120,600,000 ($10.05 per Public Share) from the net proceeds of the sale of the Units in the Initial Public Offering and the Placement Units was placed in a trust account (“Trust Account”) and was invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.

 

On October 18, 2017, in connection with the underwriters’ exercise of their over-allotment option in full, the Company consummated the sale of an additional 1,800,000 Units, and the sale of an additional 45,000 Placement Units at $10.00 per Unit, generating total proceeds of $18,450,000. Transaction costs for underwriting fees on the sale of the over-allotment Units were $360,000. Following the closing, an additional $18,090,000 of the net proceeds ($10.05 per Public Share) was placed in the Trust Account, bringing the total aggregate proceeds placed in the Trust Account to $138,690,000 ($10.05 per Public Share).

 

 

 

 4 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and private placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. Upon the closing of the Initial Public Offering, $10.05 per Public Share sold in the Initial Public Offering, including a portion of the proceeds of the Private Placements was deposited in a Trust Account to be held until the earlier of (i) the consummation of its initial Business Combination or (ii) the Company’s failure to consummate a Business Combination within 21 months from the consummation of the Initial Public Offering (the “Combination Period”). Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Trust Account is maintained by a third party trustee. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to the Company for any amounts that are necessary to pay the Company’s income and other tax obligations and up to $50,000 that may be used to pay for the costs of liquidating the Company. The Sponsor has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.05 per share by the claims of target businesses or claims of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company, but there is no assurance that the Sponsor will be able to satisfy its indemnification obligations if it is required to do so. Additionally, the agreement entered into by the Sponsor specifically provides for two exceptions to the indemnity it has given: it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity who has executed an agreement with the Company waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account, or (2) as to any claims for indemnification by the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

 

Initial Business Combination

 

Pursuant to the Nasdaq Capital Markets listing rules, the Company’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account, net of tax obligations, at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. The fair market value of the target will be determined by the Company’s board of directors based upon one or more standards generally accepted by the financial community (such as actual and potential sales, earnings, cash flow and/or book value). The target business or businesses that the Company acquires may have a collective fair market value substantially in excess of 80% of the Trust Account balance, net of tax obligations. In order to consummate such a Business Combination, the Company may issue a significant amount of its debt or equity securities to the sellers of such business and/or seek to raise additional funds through a private offering of debt or equity securities. If the Company’s securities are not listed on NASDAQ after the Initial Public Offering, the Company would not be required to satisfy the 80% requirement. However, the Company intends to satisfy the 80% requirement even if the Company’s securities are not listed on NASDAQ at the time of the initial Business Combination.

 

The Company will provide the stockholders, who are the holders of the Public Shares, whether they are purchased in the Initial Public Offering or in the aftermarket (“Public Stockholders”) with an opportunity to redeem all or a portion of their Public Shares, irrespective of whether they vote for or against the proposed Business Combination or if the Company conducts a tender offer, upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination, or (ii) by means of a tender offer, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest (net of franchise and income taxes payable), divided by the number of then outstanding Public Shares. The amount in the Trust Account, net of franchise and income taxes payable, currently amounts to approximately $10.17 per Public Share. The common stock subject to redemption was recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and solely in the case of a stockholder vote, a majority of the outstanding shares voted are voted in favor of the Business Combination. The decision as to whether the Company will seek stockholder approval of a proposed Business Combination or conduct a tender offer will be made by the Company, solely in its discretion, based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require it to seek stockholder approval under the law or stock exchange listing requirement. If a stockholder vote is not required and the Company decides not to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to the proposed amended and restated certificate of incorporation, (i) conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and (ii) file tender offer documents with the Securities and Exchange Commission (“SEC”) prior to completing the initial Business Combination which contain substantially the same financial and other information about the initial Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies.

 

 

 

 5 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

The Sponsor has agreed to vote its Founder Shares (as described in Note 4), Placement Shares and any Public Shares purchased after the Initial Public Offering in favor of the initial Business Combination, and the Company’s executive officers and directors have also agreed to vote any Public Shares purchased after the Initial Public Offering in favor of the Initial Business Combination. The Sponsor entered into a letter agreement, pursuant to which it agreed to waive its redemption rights with respect to the Founder Shares, shares included in the Placement Units and Public Shares in connection with the completion of the initial Business Combination. In addition, the Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and shares included in the Placement Units if the Company fails to complete the initial Business Combination within the prescribed time frame. However, if the Sponsor (or any of the Company’s executive officers, directors or affiliates) acquires Public Shares after the Initial Public Offering, it (and they) will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares in the event the Company does not complete the initial Business Combination within such applicable time period.

 

Failure to Consummate a Business Combination

 

If the Company is unable to complete the initial Business Combination within the Combination Period, the Company must: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable and up to $50,000 for liquidation expenses) divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s Board of Directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

 

Note 2 – Significant Accounting Policies

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company's Form 10-K as filed with the SEC on March 22, 2018. Interim results are not necessarily indicative of results for a full year or for future interim periods.

 

Going concern

 

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had $65,946 in cash and cash equivalents held outside of the Trust Account, $387,612 in interest income available from the Company's investments in the Trust Account to pay its franchise and income taxes payable, and liabilities of $403,196. Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. The Company’s plans to consummate an initial Business Combination may not be successful.  These matters, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

 

 

 

 6 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Based on the foregoing, the Company may not have sufficient funds available to operate its business through the mandatory liquidation date or until it closes an initial business combination and may need to obtain additional financing in order to meet its obligations.  The Company cannot be certain that additional funding will be available on acceptable terms, or at all.

 

The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

Emerging growth company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.

 

Cash and cash equivalents

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2018 or December 31, 2017.

 

Cash and securities held in Trust Account

 

As of September 30, 2018, $623 of cash and $140,579,824 of marketable securities were held in the Trust Account. As of December 31, 2017, $39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account. The Company withdrew $187,773 of interest income from the Trust Account to pay franchise and income taxes.

 

Income taxes

 

The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

 

 

 

 7 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its financial position.

 

The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

 

On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at September 30, 2018 and December 31, 2017 at the new rate.

 

Common Stock subject to possible redemption

 

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

 

Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 

 

 

 8 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Net income (loss) per share

 

Net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. An aggregate of 13,319,798 shares of common stock subject to possible redemption at September 30, 2018 have been excluded from the calculation of basic income (loss) per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings. Additionally, an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters’ over-allotment was not exercised in full.

 

The Company's net income (loss) is also shown adjusted for the portion of income attributable to shares subject to redemption, as these shares only participate in the income of the trust account and not the operating losses of the Company. Accordingly, basic and diluted net income (loss) per share attributable to shares not subject to redemption is as follows:

 

   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
         
Net income  $384,649   $988,489 
Less income attributable to shares subject to redemption   (480,584)   (1,276,746)
Adjusted net loss   (95,935)   (288,257)
           
Weighted average shares outstanding, basic and diluted   4,365,666    4,357,041 
           
Basic and diluted net loss per common share attributable to remaining shares  $(0.02)  $(0.07)

 

For the period from May 9, 2017 (date of inception) to September 30, 2017, there was no portion of net income (loss) that was attributable to common stock subject to redemption.

 

The Company has not considered the effect of 1) warrants to purchase 14,845,000 shares of common stock, 2) rights that convert to 1,484,500 shares and 3) 600,000 shares included in the underwriters’ unit option sold in Public Offering, Private Placement or underlying the unit option sold to the underwriter in the calculation of diluted loss per share, since the exercise of the warrants, receipt of rights and shares is contingent on the occurrence of future events.

 

Use of estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

 

Fair value of financial instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures”, approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.

 

 

 

 9 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed financial statements.

 

Note 3 — Public Offering and Private Placement

 

Initial Public Offering

 

Pursuant to the Initial Public Offering, the Company sold 13,800,000 Units (including 1,800,000 Units subject to the underwriters’ over-allotment option) at a purchase price of $10.00 per Unit. Each Unit consists of one share of common stock, one right (“Public Right”) and one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination (see Note 6). Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 6).

 

Private Placement

 

Simultaneous with the closing of the Initial Public Offering and over-allotment option exercise, the Sponsor purchased an aggregate of 445,000 Placement Units at a price of $10.00 per Unit (or an aggregate purchase price of $4,450,000). Each Placement Unit consists of one share of common stock (“Placement Share”), one right (“Placement Right”) and one warrant (each, a “Placement Warrant”) to purchase one share of the common stock at an exercise price of $11.50 per share. A portion of the proceeds from the Placement Units, $690,000 or $0.05 per unit sold in the Initial public Offering, were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, that portion of the proceeds of the sale of the Placement Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Rights and Placement Warrants will expire worthless.

 

The Placement Units are identical to the Units sold in the Initial Public Offering except that the Placement Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the Sponsor or any of its permitted transferees. In addition, the Placement Units and their component securities may not be transferable, assignable or salable until after the consummation of a Business Combination, subject to certain limited exceptions.

 

Note 4 — Related Party Transactions

 

Founder Shares

 

In connection with the organization of the Company, a total of 2,875,000 shares of common stock were sold to the Sponsor at a price of approximately $0.0087 per share for an aggregate of $25,000 (“Founder Shares”). On October 4, 2017, the Company effected a stock dividend of 0.2 shares for each of the then outstanding Founder Shares, resulting in the issuance of an additional 575,000 Founder Shares, bringing the total to 3,450,000 Founder Shares including an aggregate of up to 450,000 Founder Shares that had been subject to forfeiture to the extent that the over-allotment option was not exercised by the underwriters in full or in part. The Sponsor would have been required to forfeit only a number of Founder Shares necessary to continue to maintain the 20.0% ownership interest in our shares of common stock after giving effect to the offering and exercise, if any, of the underwriters’ over-allotment option (excluding the Placement Shares and any shares included in units acquired in the Initial Public Offering). As a result of the underwriters’ election to exercise their over-allotment option in full on October 18, 2017, the 450,000 Founders Shares previously subject to forfeiture are no longer subject to forfeiture.

 

 

 

 10 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Subject to certain limited exceptions, 50% of the Founder Shares will not be transferred, assigned, or sold until the earlier of: (i) one year after the date of the consummation of the initial Business Combination or (ii) the date on which the closing price of the Company’s common stock equals or exceeds $12.50 per share (as adjusted) for any 20 trading days within any 30-trading day period commencing 150 days after the initial Business Combination, and the remaining 50% of the Founder Shares will not be transferred, assigned, sold until one year after the date of the consummation of the initial Business Combination, or earlier, in either case, if, subsequent to the Company’s initial Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange, reorganization or other similar transaction which results in all of shareholders having the right to exchange their common stock for cash, securities or other property.

 

Accounts Payable - Related Party

 

Accounts payable – related party represents balances due to the Sponsor for general expenses paid by the Sponsor on behalf of the Company.

 

Administrative Service Agreement

 

Commencing on the effective date of the Initial Public Offering through the earlier of our consummation of our initial business combination or our liquidation, the Sponsor makes available to us certain general and administrative services, including office space, utilities and administrative support, as we may require from time to time. The Company agreed to pay the Sponsor $10,000 per month for these services. Management fee expense of $30,000 and $90,000 was recognized by the Company for the three and nine month periods ended September 30, 2018, respectively, and is included in the general and administrative expenses. No management fee was recognized by the Company in the 2017 periods.

 

Note 5 — Commitments and Contingencies

 

Registration Rights

 

Pursuant to a registration rights agreement entered into on October 4, 2017, the holders of the Founders’ Shares, as well as the holders of the Placement Units and any units our Sponsor, officers, directors or their affiliates may be issued in payment of working capital loans made to us (and all underlying securities), are entitled to registration rights. The holders of a majority of these securities are entitled to make up to two demands that we register such securities. The holders of the majority of the Founders’ Shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of common stock are to be released from escrow. The holders of a majority of the Placement Units and units issued to our Sponsor, officers, directors or their affiliates in payment of working capital loans made to us (or underlying securities) can elect to exercise these registration rights at any time after we consummate a Business Combination. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our consummation of a Business Combination. We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Agreement with Underwriters

  

The Company engaged the underwriters as advisors in connection with our Initial Business Combination to assist us in holding meetings with our shareholders to discuss the potential business combination and the target business’ attributes, introduce us to potential investors that are interested in purchasing our securities, assist us in obtaining shareholder approval for the business combination and assist us with our press releases and public filings in connection with the business combination. The Company will pay the underwriters a cash fee for such services upon the consummation of our initial business combination in an amount equal to 3.5% of the gross proceeds of the Initial Public Offering or $4,830,000 (exclusive of any applicable finders’ fees which might become payable).

 

 

 

 11 

 

 

Note 6 — Stockholders’ Equity

 

Preferred Stock

 

The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of September 30, 2018 and December 31, 2017, no preferred stock is issued or outstanding.

 

Common Stock

 

The Company is authorized to issue 35,000,000 shares of common stock, par value $0.0001 per share. As of September 30, 2018 and December 31, 2017, the Company has issued an aggregate of 17,695,000 shares of common stock, inclusive of 13,319,798 and 13,348,443 shares of common stock, respectively, subject to possible redemption classified as temporary equity in the accompanying Balance Sheets.

 

Rights

 

Each holder of a right will receive one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if a holder of such right converted all ordinary shares held by it in connection with a Business Combination. No fractional shares will be issued upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid for by investors in the Initial Public Offering. If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the shares of common stock will receive in the transaction on an as-converted into shares of common stock basis and each holder of rights will be required to affirmatively covert its rights in order to receive 1/10 of a share of common stock underlying each right (without paying additional consideration). The shares of common stock issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company).

 

If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. In no event will the Company be required to net cash settle the rights. Accordingly, the rights may expire worthless.

 

The Placement Rights are identical to the rights included in the Units sold in the Initial Public Offering, except that, among others, the Placement Rights and Placement Shares were purchased pursuant to an exemption from the registration requirements of the Securities Act and will become tradable only after certain conditions are met or the resale of such rights (including underlying securities) is registered under the Securities Act.

 

Warrants

 

The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the effective date of the registration statement relating to the Initial Public Offering. No Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon the exercise of the Warrants is not effective within 30 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Warrants on a cashless basis. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

 

 

 

 12 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

The Placement Warrants are identical to the Warrants underlying the Units being sold in the Initial Public Offering, except the Placement Warrants are exercisable for cash (even if a registration statement covering the shares of common stock issuable upon exercise of such Placement Warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by the Company, in each case so long as they are still held by the Sponsor or its affiliates.

 

The Company may call the Warrants for redemption (excluding the Placement Warrants, but including any outstanding Warrants issued upon exercise of the unit purchase option issued to its underwriter), in whole and not in part, at a price of $.01 per Warrant:

 

  · at any time while the Warrants are exercisable,
     
  · upon not less than 30 days’ prior written notice of redemption to each Warrant holder,
     
  · if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to Warrant holders, and
     
  · if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants at the time of redemption and for the entire 30-day redemption period and continuing each day thereafter until the date of redemption.

 

If the Company calls the Warrants for redemption, management will have the option to require all holders that wish to exercise the Warrants to do so on a “cashless basis,” as described in the warrant agreement.

 

The exercise price and number of shares of common stock issuable upon exercise of the Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Warrants will not be adjusted for issuances of shares of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless.

 

Unit Purchase Option

 

On October 10, 2017, the Company sold to its underwriter (and/or its designees), for $100, an option to purchase up to 600,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $6,900,000) commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of this option are identical to those offered in the Initial Public Offering. The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to stockholders’ equity. The Company estimated the fair value of this unit purchase option to be approximately $1,778,978 (or $2.97 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.94% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such units, the common stock that is issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price.

 

 

 

 13 

 

 

BLACK RIDGE ACQUISITION CORP.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(Unaudited)

 

Note 7 – Income Taxes

 

We account for income taxes under the provisions of ASC Topic 740, Income Taxes, which provides for an asset and liability approach for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted laws, attributable to temporary differences between the carrying value amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes.

 

The Company’s net deferred tax assets (liabilities) as of September 30, 2018 and December 31, 2017 are as follows:

 

   September   December 
   30, 2018   31, 2017 
Deferred tax assets:          
Unrealized loss on marketable securities held in Trust Account  $   $18,678 
Total deferred tax assets       18,678 
Deferred tax liabilities:          
    Unrealized gain on marketable securities held in Trust Account   182     
    Total deferred tax liabilities   182     
Valuation allowance        
Net deferred tax assets (liabilities), net of allowance  $(182)  $18,678 

 

The income tax provision consists of the following:

 

   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
Federal          
Current  $101,559   $250,252 
Deferred   1,029    13,780 
State and Local          
Current   52,559    129,640 
Deferred   379    5,080 
Income tax provision  $155,526   $398,752 

  

The provision for income taxes was deemed to be immaterial for the period ended September 30, 2017.

 

Note 8 — Subsequent Events

 

The Company evaluates events that have occurred after the balance sheet date through the date these financial statements were issued. No events occurred of a material nature that would have required adjustments to or disclosures in these financial statements.

 

 

 

 14 

 

 

Item 2. Management’s Discussion and Analysis

 

References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Black Ridge Acquisition Corp. References to our “management” or our “management team” refer to our officers and directors, and references to the “sponsor” refer to Black Ridge Oil & Gas, Inc. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

 

Forward-Looking Statements

 

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other Securities and Exchange Commission (“SEC”) filings. References to “we”, “us”, “our” or the “Company” are to Black Ridge Acquisition Corp., except where the context requires otherwise. The following discussion should be read in conjunction with our condensed financial statements and related notes thereto included elsewhere in this report.

 

Overview

 

We are a blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. We intend to effectuate our initial business combination using cash from the proceeds of our initial public offering and a sale of stock in a private placement that occurred simultaneously with the completion of our initial public offering, our capital stock, debt or a combination of cash, stock and debt. 

 

In October 2017, we consummated our initial public offering of 13,800,000 units (including the units sold in connection with the exercise of the underwriter’s over-allotment option) at $10.00 per unit, generating gross proceeds of $138 million. Offering costs associated with the initial public offering were approximately $3.24 million, inclusive of $2.76 million of underwriting commissions paid upon closing of the initial public offering, including the exercise of the over-allotment option.

 

Simultaneously with the closing of the initial public offering, including the exercise of the over-allotment option, we consummated the private placement of 445,000 private units at a price of $10.00 per private unit, all of which were sold to the Sponsor, and the sale of the representative’s purchase options to purchase 600,000 units to EBC and its designees, the representative of the underwriters in the initial public offering, for $100.

 

An aggregate of $138,690,000 ($10.05 per share) from the net proceeds of the sale of the units in the initial public offering, the overallotment units, and the private units was placed in the Trust Account currently at Morgan Stanley and maintained by Continental Stock Transfer & Trust Company, acting as trustee, and is invested in U.S. government treasury bills, until the earlier of (i) the consummation of the initial business combination or (ii) the Company’s failure to consummate a business combination by July 10, 2019. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective merger or acquisition candidates and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to us for any amounts that are necessary to pay the Company’s income and other tax obligations and up to $50,000 of interest earned on the Trust Account balance may be released to us to pay for our liquidation expenses if we are unable to consummate an initial business combination within the required time period.  

 

 

 

 15 

 

 

Our management has broad discretion with respect to the specific application of the net proceeds of the initial public offering and the private placement, although substantially all of the net proceeds are intended to be applied generally towards consummating a business combination.

 

Results of Operations

 

We have not generated any revenues to date, and we will not be generating any operating revenues until the closing and completion of our initial business combination. Our entire activity up to September 30, 2018 has been related to our company’s formation, the initial public offering, and since the closing of the initial public offering on October 10, 2017, a search for a business combination candidate. We have, and expect to continue to generate non-operating income in the form of interest income on cash and cash equivalents and investments in the Trust Account. We expect to continue to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

 

For the three months ended September 30, 2018, we had net income of $384,649, which consisted of operating expenses of $140,870, offset by other income from our Trust Account (interest income and unrealized gains on our assets held in trust) of $681,045 and including a provision for income taxes of $155,526.

 

For the nine months ended September 30, 2018, we had net income of $988,489, which consisted of operating expenses of $400,626, offset by other income from our Trust Account (interest income and unrealized gains on our assets held in trust) of $1,787,867 and including a provision for income taxes of $398,752.

 

For the three months ended September 30, 2017 we had a net loss of $625, all resulting from general and administrative expenses incurred during the period.

 

For the period from May 9, 2017 (date of inception) through September 30, 2017 we had a net loss of $948, all resulting from general and administrative expenses during the period.

 

Liquidity and Capital Resources

 

We presently have no revenue. Our operating expenses were $400,626 for the nine months ended September 30, 2018 and consisted primarily of management fees paid to our sponsor, professional fees, insurance and other costs related to our search for a business combination subsequent to our initial public offering. Through September 30, 2018, our liquidity needs were satisfied through receipt of approximately $518,000 held outside of the Trust Account from the sale of Units upon closing of the initial public offering.

   

In order to meet our ongoing working capital needs, the Sponsor, or its affiliates, or certain executive officers and directors, may, but are not obligated to, loan us funds as may be required. The loans would either be repaid upon consummation of our initial business combination, or, at the lender’s discretion, up to $1.5 million of such may be converted upon consummation of our business combination into additional private units at a price of $10.00 per Unit. If we do not complete a business combination, the loans would be repaid only out of funds held outside of the Trust Account.

  

The accompanying financial statements have been prepared assuming we will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, we had negative working capital of $265,933 (including cash and cash equivalents held outside Trust Account) and approximately $387,612 available from our investments in the Trust Account to pay our income tax and franchise fee obligations. Further, we have incurred and expect to continue to incur significant costs in pursuit of our financing and acquisition plans. Our plans to raise capital or to consummate the initial business combination may not be successful. These matters, among others, raise substantial doubt about our ability to continue as a going concern. Based on the foregoing, we currently do not have sufficient cash and working capital to meet our needs through the mandatory liquidation date unless our sponsor provides us funds for our working capital needs or we obtain other financing.

  

The accompanying financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

 

 

 

 16 

 

 

Related Party Transactions

 

General and Administrative Services

 

We pay our Sponsor a fee of $10,000 per month for general and administrative services which includes the cost of the space we occupy and the costs of the personnel dedicated to us from our Sponsor. Our Sponsor, executive officers and directors, or any of their respective affiliates, are reimbursed for any out-of-pocket expenses, particularly travel, incurred in connection with activities on our behalf, including but not limited to identifying potential target businesses and performing due diligence on suitable business combinations. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

 

Critical Accounting Policies

 

Common Stock Subject to Possible Redemption

 

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

   

Recent Accounting Pronouncements

  

Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

 

Off-Balance Sheet Arrangements

 

We did not have any off-balance sheet arrangements as of September 30, 2018.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

As of September 30, 2018, we were not subject to any material market or interest rate risk. Following the consummation of our Initial Public Offering, funds held in our Trust Account have been invested in U.S. government treasury bills, notes or bonds with maturities of 180 days or less or in certain money market funds that invest solely in US treasuries. Due to the short-term nature of these investments, we believe there is no associated material exposure to interest rate risk in such securities.

 

 

 

 17 

 

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended September 30, 2018, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial and accounting officer have concluded that during the period covered by this report, our disclosure controls and procedures were effective at a reasonable assurance level and, accordingly, provided reasonable assurance that the information required to be disclosed by us in reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

 

Changes in Internal Control over Financial Reporting

 

There was no change in our internal control over financial reporting that occurred during the fiscal quarter of 2018 covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

 

 18 

 

 

PART II - OTHER INFORMATION

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities

 

In May 2017, we issued to Black Ridge Oil & Gas, Inc., our sponsor, an aggregate of 2,875,000 shares of common stock in exchange for a capital contribution of $25,000, or approximately $0.01 per share. The foregoing issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (“Securities Act”). In October 2017, we effected a stock dividend of 0.2 shares for each share outstanding, resulting in our sponsor holding an aggregate of 3,450,000 shares of common stock.

 

On October 10, 2017, we consummated the Initial Public Offering of 12,000,000 units. On October 18, 2017, we consummated the sale of an additional 1,800,000 units subject to the underwriters’ over-allotment option. The units sold in the Initial Public Offering, including pursuant to the over-allotment option, were sold at an offering price of $10.00 per unit, generating total gross proceeds of $138,000,000. EarlyBirdCapital, Inc. acted as sole book-running manager of the Initial Public Offering and Chardan and I-Bankers acted as co-managers of the offering. The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (Nos. 333- 220516 and 333-220815). The Securities and Exchange Commission declared the registration statement effective on October 4, 2017.

 

Simultaneous with the consummation of the Initial Public Offering, we consummated the private placement of an aggregate of 445,000 units (“Private Units”) to our sponsor at a price of $10.00 per Private Unit, generating total proceeds of $4,450,000. This issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

 

The Private Units are identical to the units sold in the Initial Public Offering, except the warrants included in the Private Units are non-redeemable, may be exercised on a cashless basis, and may be exercisable for unregistered shares of common stock if the prospectus relating to the common stock issuable upon exercise of the warrants is not current and effective, in each case so long as they continue to be held by the sponsor or its permitted transferees. The sponsor has agreed (A) to vote the common stock included in the Private Units (“Private Shares”) in favor of any proposed business combination, (B) not to convert any Private Shares into the right to receive cash from the trust account in connection with a shareholder vote to approve a proposed initial business combination or sell any Private Shares to us in a tender offer in connection with a proposed initial business combination and (C) that such Private Shares shall not participate in any liquidating distribution upon winding up if a business combination is not consummated within the required time period. Additionally, the sponsor has agreed not to transfer, assign or sell any of the Private Units (except to certain permitted transferees) until the completion of an initial business combination.

Of the gross proceeds received from the Initial Public Offering and private placement of Private Units, $138,690,000 was placed in a trust account.

 

We paid a total of $2,760,000 in underwriting discounts and commissions and $482,226 for other costs and expenses related to our formation and the Initial Public Offering.

 

For a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

 

 

 

 19 

 

 

Item 6. Exhibits

 

Exhibit No.   Description
     
31.1   Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2   Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32   Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   XBRL Instance Document
     
101.SCH   XBRL Taxonomy Extension Schema Document
     
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
     
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document
     
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
     
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

 

 

 

 

 20 

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  

  BLACK RIDGE ACQUISITION CORP.

 

Date: November 7, 2018 By: /s/ Ken DeCubellis
  Name: Ken DeCubellis
  Title: Chairman of the Board and Chief Executive Officer (Principal Executive Officer)
     
  By: /s/ James Moe
  Name: James Moe
  Title: Chief Financial Officer
(Principal Financial and Accounting Officer)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 21 

EX-31.1 2 brac_10q-ex3101.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER

EXHIBIT 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Ken DeCubellis, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Black Ridge Acquisition Corp.;
     
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
     
  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant,  is made known to us by others within those entities, particularly during the period in which this report is being prepared; and
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
     
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     
  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 7, 2018

 

  /s/ Ken DeCubellis
  Ken DeCubellis
 

Chief Executive Officer

(Principal executive officer)

EX-31.2 3 brac_10q-ex3102.htm CERTIFICATION OF CHIEF FINANCIAL OFFICER

EXHIBIT 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, James Moe, certify that:
 
1. I have reviewed this quarterly report on Form 10-Q of Black Ridge Acquisition Corp.;
     
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
     
  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant,  is made known to us by others within those entities, particularly during the period in which this report is being prepared; and
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
     
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     
  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 7, 2018

 

  /s/ James Moe
  James Moe
 

Chief Financial Officer

(Principal financial and accounting officer)

EX-32 4 brac_10q-ex3200.htm CERTIFICATION

EXHIBIT 32

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Black Ridge Acquisition Corp. (the “Company”) on Form 10-Q, for the period ended September 30, 2018 as filed with the Securities and Exchange Commission (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

1.         The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.         The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

Dated: November 7, 2018

 

  /s/ Ken DeCubellis
  Ken DeCubellis
  Chief Executive Officer
  (Principal executive officer)
   
  /s/ James Moe
  James Moe
  Chief Financial Officer
  (Principal financial and accounting officer)
EX-101.INS 5 bracu-20180930.xml XBRL INSTANCE FILE 0001708341 2018-01-01 2018-09-30 0001708341 2018-11-05 0001708341 2017-12-31 0001708341 2017-05-08 0001708341 2018-09-30 0001708341 2017-01-01 2017-12-31 0001708341 us-gaap:RightsMember 2018-01-01 2018-09-30 0001708341 BRACU:UnderwritersUnitOptionMember 2018-01-01 2018-09-30 0001708341 us-gaap:WarrantMember 2018-01-01 2018-09-30 0001708341 BRACU:MarketableSecuritiesMember 2018-09-30 0001708341 us-gaap:CashMember 2018-09-30 0001708341 BRACU:MarketableSecuritiesMember 2017-12-31 0001708341 us-gaap:CashMember 2017-12-31 0001708341 BRACU:BlackRidgeOilAndGasIncMember 2017-05-30 2017-05-31 0001708341 BRACU:BlackRidgeOilAndGasIncMember 2017-05-31 0001708341 BRACU:BlackRidgeOilAndGasIncMember 2017-10-03 2017-10-04 0001708341 2017-10-04 0001708341 BRACU:BlackRidgeOilAndGasIncMember 2018-01-01 2018-09-30 0001708341 us-gaap:OverAllotmentOptionMember us-gaap:CommonStockMember 2017-10-03 2017-10-04 0001708341 BRACU:UnitPurchaseOptionMember 2018-09-30 0001708341 us-gaap:OverAllotmentOptionMember us-gaap:CommonStockMember 2017-10-17 2017-10-18 0001708341 BRACU:UnitPurchaseOptionMember 2018-01-01 2018-09-30 0001708341 us-gaap:IPOMember BRACU:PlacementUnitsMember 2017-01-01 2017-12-31 0001708341 us-gaap:IPOMember BRACU:UnderwritersMember 2017-01-01 2017-12-31 0001708341 us-gaap:IPOMember BRACU:UnderwritersMember BRACU:PlacementUnitsMember 2017-01-01 2017-12-31 0001708341 us-gaap:IPOMember 2017-01-01 2017-12-31 0001708341 BRACU:IPOAndOverAllotmentMember 2017-01-01 2017-12-31 0001708341 BRACU:InitialPubOffMember BRACU:UnderwritersOverAllottMember 2017-01-01 2017-12-31 0001708341 BRACU:InitialPubOffMember 2017-01-01 2017-12-31 0001708341 BRACU:SponsorMember BRACU:PlacementUnitsMember BRACU:IPOAndOverAllotmentMember 2017-01-01 2017-12-31 0001708341 2018-07-01 2018-09-30 0001708341 2017-01-01 2017-09-30 0001708341 2017-09-30 0001708341 2017-07-01 2017-09-30 0001708341 BRACU:OutsideTrustMember 2018-09-30 0001708341 BRACU:InsideTrustMember 2018-09-30 0001708341 BRACU:InsideTrustMember 2018-01-01 2018-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure Black Ridge Acquisition Corp. 0001708341 10-Q 2018-09-30 false --12-31 Yes Q3 2018 17695000 BRACU 139460078 140717710 5000005 5000004 4906420 3917927 435 438 0 0 134326020 135314510 134053 403196 403196 134053 403196 85722 317125 2940 8318 45391 77571 139460078 140717710 138980353 140580447 140579824 623 138940611 39742 479725 137263 33093 71317 427954 0 65946 11531 65946 988490 0 -362008 11531 -549781 -948 231403 0 5378 0 32180 0 38224 0 -18860 0 0.0001 0.0001 1000000 1000000 0 0 0 0 0.0001 0.0001 35000000 35000000 4346557 4375202 4346557 4375202 3450000 4000000 18450000 120000000 4450000 1276746 480584 -288257 -95935 1484500 600000 14845000 2875000 575000 0.0087 25000 450000 0 10000 90000 30000 17695000 13348443 13319798 18678 0 18678 0 0 0 250252 101559 13780 1029 129640 52559 5080 379 0.35 0.0194 P5Y 1778978 2.97 93150 1081639 0.2000 18678 0 360000 138690000 18090000 120600000 <p><font style="font: 8pt Times New Roman, Times, Serif">Each Unit consists of one share of common stock, one right (&#8220;Public Right&#8221;) and one warrant (&#8220;Public Warrant&#8221;). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination (see Note 6). Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50.</font></p> 400000 1800000 45000 12000000 1800000 13800000 445000 187773 0 0 62500 0 75021 0 25000 0 12479 148489 0 0 62500 0 true Non-accelerated Filer true false 400626 140870 948 625 -400626 -140870 -948 -625 1722249 676147 0 0 65618 4898 0 0 1787867 681045 0 0 1387241 540175 -948 -625 398752 155526 0 0 988489 384649 -948 -625 4357041 4365666 3000000 3000000 -0.07 -0.02 -0.00 -0.00 0 14028 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 8pt"><b></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Note 1 &#8211; Description of Organization and Business Operations</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Black Ridge Acquisition Corp. (&#8220;BRAC&#8221; or the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; and &#8221;our&#8221;) was incorporated in Delaware on May 9, 2017 as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a &#8220;Business Combination&#8221;). The Company&#8217;s efforts to identify a prospective target business are not limited to a particular industry or geographic region. The Company is focusing its search on businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">All activity through September 30, 2018 relates to the Company&#8217;s formation, its Initial Public Offering, described below, and identifying a target company for a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The registration statement for the Company&#8217;s initial public offering (&#8220;Initial Public Offering&#8221;) was declared effective on October 4, 2017. The registration statement was initially declared effective for 10,000,000 units (&#8220;Units&#8221; and, with respect to the common stock included in the Units being offered, the &#8220;Public Shares&#8221;), but the offering was increased to 12,000,000 Units pursuant to Rule 462(b) under the Securities Act of 1933, as amended. On October 10, 2017, the Company consummated the Initial Public Offering of 12,000,000 units, generating gross proceeds of $120,000,000.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Simultaneous with the closing of the Initial Public Offering, the Company consummated the sale of 400,000 units (the &#8220;Placement Units&#8221;) at a price of $10.00 per Unit in a private placement to the Company&#8217;s sponsor and sole stockholder prior to the Initial Public Offering, Black Ridge Oil &#38; Gas, Inc. (the &#8220;Sponsor&#8221;), generating gross proceeds of $4,000,000.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Following the closing of the Initial Public Offering on October 10, 2017, an amount of $120,600,000 ($10.05 per Public Share) from the net proceeds of the sale of the Units in the Initial Public Offering and the Placement Units was placed in a trust account (&#8220;Trust Account&#8221;) and was invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the &#8220;Investment Company Act&#8221;), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">On October 18, 2017, in connection with the underwriters&#8217; exercise of their over-allotment option in full, the Company consummated the sale of an additional 1,800,000 Units, and the sale of an additional 45,000 Placement Units at $10.00 per Unit, generating total proceeds of $18,450,000. Transaction costs for underwriting fees on the sale of the over-allotment Units were $360,000. Following the closing, an additional $18,090,000 of the net proceeds ($10.05 per Public Share) was placed in the Trust Account, bringing the total aggregate proceeds placed in the Trust Account to $138,690,000 ($10.05 per Public Share).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company&#8217;s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and private placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. Upon the closing of the Initial Public Offering, $10.05 per Public Share sold in the Initial Public Offering, including a portion of the proceeds of the Private Placements was deposited in a Trust Account to be held until the earlier of (i) the consummation of its initial Business Combination or (ii) the Company&#8217;s failure to consummate a Business Combination within 21 months from the consummation of the Initial Public Offering (the &#8220;Combination Period&#8221;). Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Trust Account is maintained by a third party trustee. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to the Company for any amounts that are necessary to pay the Company&#8217;s income and other tax obligations and up to $50,000 that may be used to pay for the costs of liquidating the Company. The Sponsor has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.05 per share by the claims of target businesses or claims of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company, but there is no assurance that the Sponsor will be able to satisfy its indemnification obligations if it is required to do so. Additionally, the agreement entered into by the Sponsor specifically provides for two exceptions to the indemnity it has given: it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity who has executed an agreement with the Company waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account, or (2) as to any claims for indemnification by the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><font style="font-size: 8pt"><b>Initial Business Combination</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Pursuant to the Nasdaq Capital Markets listing rules, the Company&#8217;s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account, net of tax obligations, at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. The fair market value of the target will be determined by the Company&#8217;s board of directors based upon one or more standards generally accepted by the financial community (such as actual and potential sales, earnings, cash flow and/or book value). The target business or businesses that the Company acquires may have a collective fair market value substantially in excess of 80% of the Trust Account balance, net of tax obligations. In order to consummate such a Business Combination, the Company may issue a significant amount of its debt or equity securities to the sellers of such business and/or seek to raise additional funds through a private offering of debt or equity securities. If the Company&#8217;s securities are not listed on NASDAQ after the Initial Public Offering, the Company would not be required to satisfy the 80% requirement. However, the Company intends to satisfy the 80% requirement even if the Company&#8217;s securities are not listed on NASDAQ at the time of the initial Business Combination.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company will provide the stockholders, who are the holders of the Public Shares, whether they are purchased in the Initial Public Offering or in the aftermarket (&#8220;Public Stockholders&#8221;) with an opportunity to redeem all or a portion of their Public Shares, irrespective of whether they vote for or against the proposed Business Combination or if the Company conducts a tender offer, upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination, or (ii) by means of a tender offer, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest (net of franchise and income taxes payable), divided by the number of then outstanding Public Shares. The amount in the Trust Account, net of franchise and income taxes payable, currently amounts to approximately $10.17 per Public Share. The common stock subject to redemption was recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (&#8220;ASC&#8221;) Topic 480 &#8220;Distinguishing Liabilities from Equity&#8221;. The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and solely in the case of a stockholder vote, a majority of the outstanding shares voted are voted in favor of the Business Combination. The decision as to whether the Company will seek stockholder approval of a proposed Business Combination or conduct a tender offer will be made by the Company, solely in its discretion, based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require it to seek stockholder approval under the law or stock exchange listing requirement. If a stockholder vote is not required and the Company decides not to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to the proposed amended and restated certificate of incorporation, (i) conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and (ii) file tender offer documents with the Securities and Exchange Commission (&#8220;SEC&#8221;) prior to completing the initial Business Combination which contain substantially the same financial and other information about the initial Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Sponsor has agreed to vote its Founder Shares (as described in Note 4), Placement Shares and any Public Shares purchased after the Initial Public Offering in favor of the initial Business Combination, and the Company&#8217;s executive officers and directors have also agreed to vote any Public Shares purchased after the Initial Public Offering in favor of the Initial Business Combination. The Sponsor entered into a letter agreement, pursuant to which it agreed to waive its redemption rights with respect to the Founder Shares, shares included in the Placement Units and Public Shares in connection with the completion of the initial Business Combination. In addition, the Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and shares included in the Placement Units if the Company fails to complete the initial Business Combination within the prescribed time frame. However, if the Sponsor (or any of the Company&#8217;s executive officers, directors or affiliates) acquires Public Shares after the Initial Public Offering, it (and they) will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares in the event the Company does not complete the initial Business Combination within such applicable time period.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Failure to Consummate a Business Combination</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">If the Company is unable to complete the initial Business Combination within the Combination Period, the Company must: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable and up to $50,000 for liquidation expenses) divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders&#8217; rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company&#8217;s remaining stockholders and the Company&#8217;s Board of Directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company&#8217;s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Note 2 &#8211; Significant Accounting Policies</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Basis of Presentation</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying unaudited condensed financial statements should be read in conjunction with the Company's Form 10-K as filed with the SEC on March 22, 2018. Interim results are not necessarily indicative of results for a full year or for future interim periods.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Going concern</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had $65,946 in cash and cash equivalents held outside of the Trust Account, $387,612 in interest income available from the Company's investments in the Trust Account to pay its franchise and income taxes payable, and liabilities of $403,196.&#160;Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. The Company&#8217;s plans to consummate an initial Business Combination may not be successful.&#160; These matters, among others, raise substantial doubt about the Company&#8217;s ability to continue as a going concern.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Based on the foregoing, the Company may not have sufficient funds available to operate its business through the mandatory liquidation date or until it closes an initial business combination and may need to obtain additional financing in order to meet its obligations. &#160;The Company cannot be certain that additional funding will be available on acceptable terms, or at all.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Emerging growth company</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company is an &#8220;emerging growth company,&#8221; as defined in Section 2(a) of the Securities Act of 1933, as amended, (the &#8220;Securities Act&#8221;), as modified by the Jumpstart our Business Startups Act of 2012, (the &#8220;JOBS Act&#8221;), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Cash and cash equivalents</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2018 or December 31, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Cash and securities held in Trust Account</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">As of September 30, 2018, $623 of cash and $140,579,824 of marketable securities were held in the Trust Account. As of December 31, 2017, $39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account. The Company withdrew $187,773 of interest income from the Trust Account to pay franchise and income taxes.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Income taxes</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company accounts for income taxes under ASC Topic 740 &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its financial position.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company&#8217;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (&#8220;Tax Reform&#8221;) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at September 30, 2018 and December 31, 2017 at the new rate.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Common Stock subject to possible redemption</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (&#8220;ASC&#8221;) Topic 480 &#8220;Distinguishing Liabilities from Equity.&#8221; Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company&#8217;s control) is classified as temporary equity. At all other times, common stock is classified as stockholders&#8217; equity. The Company&#8217;s common stock features certain redemption rights that are considered to be outside of the Company&#8217;s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders&#8217; equity section of the Company&#8217;s balance sheet.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Concentration of credit risk</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Net income (loss) per share</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. An aggregate of 13,319,798 shares of common stock subject to possible redemption at September 30, 2018 have been excluded from the calculation of basic income (loss) per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings. Additionally, an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters&#8217; over-allotment was not exercised in full.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">The Company's net income (loss) is also shown adjusted for the portion of income attributable to shares subject to redemption, as these shares only participate in the income of the trust account and not the operating losses of the Company. Accordingly, basic and diluted net income (loss) per share attributable to shares not subject to redemption is as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Three Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Nine Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: left"><font style="font-size: 8pt">Net income</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">384,649</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">988,489</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Less income attributable to shares subject to redemption</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(480,584</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(1,276,746</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Adjusted net loss</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(95,935</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(288,257</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">Weighted average shares outstanding, basic and diluted</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,365,666</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,357,041</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Basic and diluted net loss per common share attributable to remaining shares</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.02</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.07</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">For the period from May 9, 2017 (date of inception) to September 30, 2017, there was no portion of net income (loss) that was attributable to common stock subject to redemption.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company has not considered the effect of 1) warrants to purchase 14,845,000 shares of common stock, 2) rights that convert to 1,484,500 shares and 3) 600,000 shares included in the underwriters&#8217; unit option sold in Public Offering, Private Placement or underlying the unit option sold to the underwriter in the calculation of diluted loss per share, since the exercise of the warrants, receipt of rights and shares is contingent on the occurrence of future events.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Use of estimates</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Fair value of financial instruments</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under ASC Topic 820, &#8220;Fair Value Measurements and Disclosures&#8221;, approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Recent Accounting Pronouncements</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#8217;s condensed financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Basis of Presentation</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying unaudited condensed financial statements should be read in conjunction with the Company's Form 10-K as filed with the SEC on March 22, 2018. Interim results are not necessarily indicative of results for a full year or for future interim periods.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Going concern</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had $65,946 in cash and cash equivalents held outside of the Trust Account, $387,612 in interest income available from the Company's investments in the Trust Account to pay its franchise and income taxes payable, and liabilities of $403,196.&#160;Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. The Company&#8217;s plans to consummate an initial Business Combination may not be successful.&#160; These matters, among others, raise substantial doubt about the Company&#8217;s ability to continue as a going concern.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Based on the foregoing, the Company may not have sufficient funds available to operate its business through the mandatory liquidation date or until it closes an initial business combination and may need to obtain additional financing in order to meet its obligations. &#160;The Company cannot be certain that additional funding will be available on acceptable terms, or at all.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Emerging growth company</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company is an &#8220;emerging growth company,&#8221; as defined in Section 2(a) of the Securities Act of 1933, as amended, (the &#8220;Securities Act&#8221;), as modified by the Jumpstart our Business Startups Act of 2012, (the &#8220;JOBS Act&#8221;), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Cash and cash equivalents</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2018 or December 31, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Cash and securities held in Trust Account</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">As of September 30, 2018, $623 of cash and $140,579,824 of marketable securities were held in the Trust Account. As of December 31, 2017, $39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account. The Company withdrew $187,773 of interest income from the Trust Account to pay franchise and income taxes.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Income taxes</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company accounts for income taxes under ASC Topic 740 &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its financial position.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company&#8217;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (&#8220;Tax Reform&#8221;) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at September 30, 2018 and December 31, 2017 at the new rate.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Common Stock subject to possible redemption</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (&#8220;ASC&#8221;) Topic 480 &#8220;Distinguishing Liabilities from Equity.&#8221; Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company&#8217;s control) is classified as temporary equity. At all other times, common stock is classified as stockholders&#8217; equity. The Company&#8217;s common stock features certain redemption rights that are considered to be outside of the Company&#8217;s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders&#8217; equity section of the Company&#8217;s balance sheet.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Concentration of credit risk</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Net income (loss) per share</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. An aggregate of 13,319,798 shares of common stock subject to possible redemption at September 30, 2018 have been excluded from the calculation of basic income (loss) per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings. Additionally, an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters&#8217; over-allotment was not exercised in full.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">The Company's net income (loss) is also shown adjusted for the portion of income attributable to shares subject to redemption, as these shares only participate in the income of the trust account and not the operating losses of the Company. Accordingly, basic and diluted net income (loss) per share attributable to shares not subject to redemption is as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Three Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Nine Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: left"><font style="font-size: 8pt">Net income</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">384,649</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">988,489</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Less income attributable to shares subject to redemption</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(480,584</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(1,276,746</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Adjusted net loss</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(95,935</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(288,257</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">Weighted average shares outstanding, basic and diluted</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,365,666</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,357,041</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Basic and diluted net loss per common share attributable to remaining shares</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.02</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.07</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">For the period from May 9, 2017 (date of inception) to September 30, 2017, there was no portion of net income (loss) that was attributable to common stock subject to redemption.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company has not considered the effect of 1) warrants to purchase 14,845,000 shares of common stock, 2) rights that convert to 1,484,500 shares and 3) 600,000 shares included in the underwriters&#8217; unit option sold in Public Offering, Private Placement or underlying the unit option sold to the underwriter in the calculation of diluted loss per share, since the exercise of the warrants, receipt of rights and shares is contingent on the occurrence of future events.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Use of estimates</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Fair value of financial instruments</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under ASC Topic 820, &#8220;Fair Value Measurements and Disclosures&#8221;, approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Recent Accounting Pronouncements</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#8217;s condensed financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Note 3&#160;&#8212;&#160;Public Offering and Private Placement</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>Initial Public Offering</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Pursuant to the Initial Public Offering, the Company sold 13,800,000 Units (including 1,800,000 Units subject to the underwriters&#8217; over-allotment option) at a purchase price of $10.00 per Unit. Each Unit consists of one share of common stock, one right (&#8220;Public Right&#8221;) and one warrant (&#8220;Public Warrant&#8221;). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination (see Note 6). Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 6).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>&#160;</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>Private Placement</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Simultaneous with the closing of the Initial Public Offering and over-allotment option exercise, the Sponsor purchased an aggregate of 445,000 Placement Units at a price of $10.00 per Unit (or an aggregate purchase price of $4,450,000). Each Placement Unit consists of one share of common stock (&#8220;Placement Share&#8221;), one right (&#8220;Placement Right&#8221;) and one warrant (each, a &#8220;Placement Warrant&#8221;) to purchase one share of the common stock at an exercise price of $11.50 per share. A portion of the proceeds from the Placement Units, $690,000 or $0.05 per unit sold in the Initial public Offering, were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, that portion of the proceeds of the sale of the Placement Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Rights and Placement Warrants will expire worthless.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Placement Units are identical to the Units sold in the Initial Public Offering except that the Placement Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the Sponsor or any of its permitted transferees. In addition, the Placement Units and their component securities may not be transferable, assignable or salable until after the consummation of a Business Combination, subject to certain limited exceptions.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Note 4&#160;&#8212;&#160;Related Party Transactions</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>Founder Shares</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">In connection with the organization of the Company, a total of 2,875,000 shares of common stock were sold to the Sponsor at a price of approximately $0.0087 per share for an aggregate of $25,000 (&#8220;Founder Shares&#8221;). On October 4, 2017, the Company effected a stock dividend of 0.2 shares for each of the then outstanding Founder Shares, resulting in the issuance of an additional 575,000 Founder Shares, bringing the total to 3,450,000 Founder Shares including an aggregate of up to 450,000 Founder Shares that had been subject to forfeiture to the extent that the over-allotment option was not exercised by the underwriters in full or in part. The Sponsor would have been required to forfeit only a number of Founder Shares necessary to continue to maintain the 20.0% ownership interest in our shares of common stock after giving effect to the offering and exercise, if any, of the underwriters&#8217; over-allotment option (excluding the Placement Shares and any shares included in units acquired in the Initial Public Offering). As a result of the underwriters&#8217; election to exercise their over-allotment option in full on October 18, 2017, the 450,000 Founders Shares previously subject to forfeiture are no longer subject to forfeiture.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Subject to certain limited exceptions, 50% of the Founder Shares will not be transferred, assigned, or sold until the earlier of: (i) one year after the date of the consummation of the initial Business Combination or (ii) the date on which the closing price of the Company&#8217;s common stock equals or exceeds $12.50 per share (as adjusted) for any 20 trading days within any 30-trading day period commencing 150 days after the initial Business Combination, and the remaining 50% of the Founder Shares will not be transferred, assigned, sold until one year after the date of the consummation of the initial Business Combination, or earlier, in either case, if, subsequent to the Company&#8217;s initial Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange, reorganization or other similar transaction which results in all of shareholders having the right to exchange their common stock for cash, securities or other property.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>&#160;</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>Accounts Payable - Related Party</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Accounts payable &#8211; related party represents balances due to the Sponsor for general expenses paid by the Sponsor on behalf of the Company.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>&#160;</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>Administrative Service Agreement</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b><i>&#160;</i></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Commencing on the effective date of the Initial Public Offering through the earlier of our consummation of our initial business combination or our liquidation, the Sponsor makes available to us certain general and administrative services, including office space, utilities and administrative support, as we may require from time to time. The Company agreed to pay the Sponsor $10,000 per month for these services. Management fee expense of $30,000 and $90,000 was recognized by the Company for the three and nine month periods ended September 30, 2018, respectively, and is included in the general and administrative expenses. No management fee was recognized by the Company in the 2017 periods.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Note 5&#160;&#8212;&#160;Commitments and Contingencies</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Registration Rights</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Pursuant to a registration rights agreement entered into on October 4, 2017, the holders of the Founders&#8217; Shares, as well as the holders of the Placement Units and any units our Sponsor, officers, directors or their affiliates may be issued in payment of working capital loans made to us (and all underlying securities), are entitled to registration rights. The holders of a majority of these securities are entitled to make up to two demands that we register such securities. The holders of the majority of the Founders&#8217; Shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of common stock are to be released from escrow. The holders of a majority of the Placement Units and units issued to our Sponsor, officers, directors or their affiliates in payment of working capital loans made to us (or underlying securities) can elect to exercise these registration rights at any time after we consummate a Business Combination. In addition, the holders have certain &#8220;piggy-back&#8221; registration rights with respect to registration statements filed subsequent to our consummation of a Business Combination. We will bear the expenses incurred in connection with the filing of any such registration statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Agreement with Underwriters</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company engaged the underwriters as advisors in connection with our Initial Business Combination to assist us in holding meetings with our shareholders to discuss the potential business combination and the target business&#8217; attributes, introduce us to potential investors that are interested in purchasing our securities, assist us in obtaining shareholder approval for the business combination and assist us with our press releases and public filings in connection with the business combination. The Company will pay the underwriters a cash fee for such services upon the consummation of our initial business combination in an amount equal to 3.5% of the gross proceeds of the Initial Public Offering or $4,830,000 (exclusive of any applicable finders&#8217; fees which might become payable).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Note 6&#160;&#8212;&#160;Stockholders&#8217; Equity</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Preferred Stock</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company&#8217;s board of directors. As of September 30, 2018 and December 31, 2017, no preferred stock is issued or outstanding.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Common Stock</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company is authorized to issue 35,000,000 shares of common stock, par value $0.0001 per share. As of September 30, 2018 and December 31, 2017, the Company has issued an aggregate of 17,695,000 shares of common stock, inclusive of 13,319,798 and 13,348,443 shares of common stock, respectively, subject to possible redemption classified as temporary equity in the accompanying Balance Sheets.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Rights</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">Each holder of a right will receive one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if a holder of such right converted all ordinary shares held by it in connection with a Business Combination. No fractional shares will be issued upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid for by investors in the Initial Public Offering. If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the shares of common stock will receive in the transaction on an as-converted into shares of common stock basis and each holder of rights will be required to affirmatively covert its rights in order to receive 1/10 of a share of common stock underlying each right (without paying additional consideration). The shares of common stock issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from the Company&#8217;s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. In no event will the Company be required to net cash settle the rights. Accordingly, the rights may expire worthless.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Placement Rights are identical to the rights included in the Units sold in the Initial Public Offering, except that, among others, the Placement Rights and Placement Shares were purchased pursuant to an exemption from the registration requirements of the Securities Act and will become tradable only after certain conditions are met or the resale of such rights (including underlying securities) is registered under the Securities Act.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>Warrants</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the effective date of the registration statement relating to the Initial Public Offering. No Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon the exercise of the Warrants is not effective within 30 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Warrants on a cashless basis. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Placement Warrants are identical to the Warrants underlying the Units being sold in the Initial Public Offering, except the Placement Warrants are exercisable for cash (even if a registration statement covering the shares of common stock issuable upon exercise of such Placement Warrants is not effective) or on a cashless basis, at the holder&#8217;s option, and will not be redeemable by the Company, in each case so long as they are still held by the Sponsor or its affiliates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company may call the Warrants for redemption (excluding the Placement Warrants, but including any outstanding Warrants issued upon exercise of the unit purchase option issued to its underwriter), in whole and not in part, at a price of $.01 per Warrant:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 3%; text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 3%; text-align: justify"><font style="font: 8pt Symbol">&#183;</font></td> <td style="width: 94%; text-align: justify"><font style="font-size: 8pt">at any time while the Warrants are exercisable,</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font: 8pt Symbol">&#183;</font></td> <td><font style="font-size: 8pt">upon not less than 30 days&#8217; prior written notice of redemption to each Warrant holder,</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font: 8pt Symbol">&#183;</font></td> <td><font style="font-size: 8pt">if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to Warrant holders, and</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: justify"><font style="font: 8pt Symbol">&#183;</font></td> <td><font style="font-size: 8pt">if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants at the time of redemption and for the entire 30-day redemption period and continuing each day thereafter until the date of redemption.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">If the Company calls the Warrants for redemption, management will have the option to require all holders that wish to exercise the Warrants to do so on a &#8220;cashless basis,&#8221; as described in the warrant agreement.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The exercise price and number of shares of common stock issuable upon exercise of the Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Warrants will not be adjusted for issuances of shares of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company&#8217;s assets held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Unit Purchase Option</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">On October 10, 2017, the Company sold to its underwriter (and/or its designees), for $100, an option to purchase up to 600,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $6,900,000) commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder&#8217;s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of this option are identical to those offered in the Initial Public Offering. The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to stockholders&#8217; equity. The Company estimated the fair value of this unit purchase option to be approximately $1,778,978 (or $2.97 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.94% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such units, the common stock that is issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA&#8217;s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and &#8220;piggy back&#8221; rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company&#8217;s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 8pt"><b></b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Note 7 &#8211; Income Taxes</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">We account for income taxes under the provisions of ASC Topic 740, Income Taxes, which provides for an asset and liability approach for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted laws, attributable to temporary differences between the carrying value amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company&#8217;s net deferred tax assets (liabilities) as of September 30, 2018 and December 31, 2017 are as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center"><font style="font-size: 8pt">September</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center"><font style="font-size: 8pt">December</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">31, 2017</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"><font style="font-size: 8pt">Deferred tax assets:</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%; text-align: left; padding-bottom: 1pt; text-indent: 10pt"><font style="font-size: 8pt">Unrealized loss on marketable securities held in Trust Account</font></td><td style="width: 2%; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 10pt"><font style="font-size: 8pt">Total deferred tax assets</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><font style="font-size: 8pt">Deferred tax liabilities:</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;&#160;&#160;&#160;Unrealized gain on marketable securities held in Trust Account</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">182</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;&#160;&#160;&#160;Total deferred tax liabilities</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">182</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Valuation allowance</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Net deferred tax assets (liabilities), net of allowance</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(182</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The income tax provision consists of the following:</font></p> <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 8pt">&#160;</font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Three Months Ended September 30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Nine Months Ended September 30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td><font style="font-size: 8pt">Federal</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%; padding-left: 11pt"><font style="font-size: 8pt">Current</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">101,559</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">250,252</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 11pt"><font style="font-size: 8pt">Deferred</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">1,029</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">13,780</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><font style="font-size: 8pt">State and Local</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 11pt"><font style="font-size: 8pt">Current</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">52,559</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">129,640</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 11pt"><font style="font-size: 8pt">Deferred</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">379</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">5,080</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Income tax provision</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">155,526</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">398,752</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><font style="font-size: 8pt">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The provision for income taxes was deemed to be immaterial for the period ended September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><b>Note 8&#160;&#8212;&#160;Subsequent Events</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"><font style="font-size: 8pt">The Company evaluates events that have occurred after the balance sheet date through the date these financial statements were issued. No events occurred of a material nature that would have required adjustments to or disclosures in these financial statements.</font></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Three Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Nine Months Ended September 30, 2018</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td colspan="2"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 66%; text-align: left"><font style="font-size: 8pt">Net income</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">384,649</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">988,489</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Less income attributable to shares subject to redemption</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(480,584</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(1,276,746</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Adjusted net loss</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(95,935</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">(288,257</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">Weighted average shares outstanding, basic and diluted</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,365,666</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">4,357,041</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Basic and diluted net loss per common share attributable to remaining shares</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.02</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(0.07</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td></tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center"><font style="font-size: 8pt">September</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center"><font style="font-size: 8pt">December</font></td><td style="font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">31, 2017</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"><font style="font-size: 8pt">Deferred tax assets:</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%; text-align: left; padding-bottom: 1pt; text-indent: 10pt"><font style="font-size: 8pt">Unrealized loss on marketable securities held in Trust Account</font></td><td style="width: 2%; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="width: 1%; padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 10pt"><font style="font-size: 8pt">Total deferred tax assets</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><font style="font-size: 8pt">Deferred tax liabilities:</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;&#160;&#160;&#160;Unrealized gain on marketable securities held in Trust Account</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">182</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;&#160;&#160;&#160;Total deferred tax liabilities</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">182</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt"><font style="font-size: 8pt">Valuation allowance</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">&#8211;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Net deferred tax assets (liabilities), net of allowance</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">(182</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">)</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">18,678</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Three Months Ended September 30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td><td style="font-weight: bold; padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt">Nine Months Ended September 30, 2018</font></td><td style="padding-bottom: 1pt; font-weight: bold"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td><font style="font-size: 8pt">Federal</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%; padding-left: 11pt"><font style="font-size: 8pt">Current</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">101,559</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="width: 2%"><font style="font-size: 8pt">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font-size: 8pt">$</font></td><td style="width: 13%; text-align: right"><font style="font-size: 8pt">250,252</font></td><td style="width: 1%; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 11pt"><font style="font-size: 8pt">Deferred</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">1,029</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">13,780</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><font style="font-size: 8pt">State and Local</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 11pt"><font style="font-size: 8pt">Current</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">52,559</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td><font style="font-size: 8pt">&#160;</font></td> <td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="text-align: right"><font style="font-size: 8pt">129,640</font></td><td style="text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 11pt"><font style="font-size: 8pt">Deferred</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">379</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-size: 8pt">5,080</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt"><font style="font-size: 8pt">Income tax provision</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">155,526</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td><td style="padding-bottom: 2.5pt"><font style="font-size: 8pt">&#160;</font></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-size: 8pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-size: 8pt">398,752</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-size: 8pt">&#160;</font></td></tr> </table> 187773 0 182 0 182 0 182 18678 -182 187773 0 387612 Excludes an aggregate of up to 13,319,798 shares subject to redemption at September 30, 2018. Excludes an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters' over-allotment was not exercised in full. EX-101.SCH 6 bracu-20180930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - CONDENSED BALANCE SHEETS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - STATEMENT OF CASH FLOWS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - 1. Description of Organization and Business Operations link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - 2. Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - 3. Public Offering and Private Placement link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - 4. Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - 5. Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - 6. Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - 7. Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - 8. Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - 2. Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - 2. Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - 7. Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - 1. Description of Organization and Business Operations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - 2. Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - 2. Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - 3. Public Offering and Private Placement (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - 4. Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - 6. Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - 7. Income Taxes (Details - Deferred taxes) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - 7. Income Taxes (Details - Income tax provision) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 bracu-20180930_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 bracu-20180930_def.xml XBRL DEFINITION FILE EX-101.LAB 9 bracu-20180930_lab.xml XBRL LABEL FILE Antidilutive Securities [Axis] Rights [Member] Underwriters Unit Options [Member] Warrants [Member] Information By Category Of Debt Security [Axis] Marketable Securities [Member] Asset Class [Axis] Cash [Member] Related Party [Axis] Black Ridge Oil & Gas, Inc ("Sponsor") [Member] Subsidiary Sale Of Stock [Axis] Over-Allotment Option [Member] Equity Components [Axis] Common Stock [Member] Shareholders' Equity Class [Axis] Unit Purchase Option [Member] IPO [Member] Sale of Stock [Axis] Private Placement Units [Member] Counterparty Name [Axis] Underwriters Over-Allotment [Member] IPO and Over-Allotment [Member] Initial Public Offering [Member] Underwriters' Over-Allotment Option [Member] Sponsor [Member] Balance Sheet Location [Axis] Assets held outside the Trust [Member] Assets held inside the Trust [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Trading Symbol Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Entity Emerging Growth Company Entity Small Business Entity Transition Period Statement of Financial Position [Abstract] ASSETS Current assets: Cash and cash equivalents Prepaid expenses Deferred income taxes Total current assets Cash and marketable securities held in Trust Account Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses Accounts payable - related party Income taxes payable Deferred income taxes Total current liabilities Total liabilities Commitments Common stock, $.0001 par value, subject to possible redemption, 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, at redemption value Stockholders' equity: Preferred stock, $.0001 par value, 1,000,000 shares authorized, none issued and outstanding Common stock, $.0001 par value; 35,000,000 shares authorized, 4,375,202 and 4,346,557 shares at September 30, 2018 and December 31, 2017, respectively, issued and outstanding (excluding 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, subject to possible redemption) Additional paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Preferred stock, par value (in dollars per share) Preferred stock, authorized (in shares) Preferred stock, issued (in shares) Preferred stock, outstanding (in shares) Common stock, par value (in dollars per share) Common stock, authorized (in shares) Common stock, issued (in shares) Common stock, outstanding (in shares) Common stock shares subject to possible redemption Income Statement [Abstract] General and administrative costs Loss from operations Other income Interest income Unrealized gain on marketable securities held in Trust Account Total other income Income (loss) before taxes Provision for income taxes Net income (loss) Weighted average shares outstanding, basic and diluted (1) Basic and diluted net loss per common share Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) Adjustments to reconcile net income (loss) to net cash used in operating activities: Interest income Unrealized gain on marketable securities held in Trust Account Deferred income taxes Changes in operating assets and liabilities: Prepaid expenses Accounts payable and accrued expenses Accounts payable - related party Income taxes payable Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Withdrawal from Trust Account to pay for taxes and franchise fees Net cash provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from promissory note - related party Payment of offering costs Proceeds from issuance of common stock to Sponsor Net cash provided by financing activities NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD SUPPLEMENTAL INFORMATION: Income taxes paid NON-CASH INVESTING AND FINANCE ACTIVITIES: Offering costs accrued as accounts payable - related party Payment of deferred offering costs through promissory note - related party Change in value of common stock subject to possible redemption Accounting Policies [Abstract] Description of Organization and Business Operations Significant Accounting Policies Public Offering And Private Placement Public Offering and Private Placement Related Party Transactions [Abstract] Related Party Transactions Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Stockholders' Equity Attributable to Parent [Abstract] Stockholders' Equity Income Tax Disclosure [Abstract] Income Taxes Subsequent Events [Abstract] Subsequent Events Basis of Presentation Going concern Emerging growth company Cash and cash equivalents Cash and securities held in Trust Account Income taxes Common Stock subject to possible redemption Concentration of credit risk Net income (loss) per share Use of estimates Fair value of financial instruments Recent Accounting Pronouncements Schedule of net income (loss) per share Schedule of deferred tax assets Schedule of income tax provision (benefit) Statement [Table] Statement [Line Items] Sale of Stock [Axis] Transaction Type [Axis] Units sold Proceeds from units sold IPO initial costs Principal deposited in trust account Net income Less: Income attributable to shares subject to redemption Adjusted net loss Weighted average shares outstanding, basic and diluted Basic and diluted net loss per share attributable to remaining shares Cash and Cash Equivalents [Axis] Debt Security Category [Axis] Liabilities Cash equivalents Assets held in trust Interest income available in trust Franchise and income taxes paid from interest income Possible antidilutive shares Description of each unit offering Issuance of common stock, shares Proceeds from sale of units Subsequent Event Type [Axis] Number of units issued in transaction (in aggregate) Share issued, per share (in dollars per share) Value of shares issued Common stock, outstanding Number of shares subject to forfeiture Ownership interest Promissory note - related party Amount of loan convertible option Conversion price, per share Sponsor fees, per month Management fee expense Measurement Input Type [Axis] Preferred stock, authorized Preferred stock, issued Preferred stock, outstanding Common stock, authorized Temporary equity shares Total common stock issued Fair value of unit purchase option Fair value of unit purchase option per share Expected volatility Risk free interest rate Expected life Deferred tax assets: Unrealized loss on marketable securities held in Trust Account Total deferred tax assets Deferred tax liabilities: Unrealized gain on marketable securities held in Trust Account Total deferred tax liabilities Valuation allowance Deferred tax assets (liabilities), net of allowance Federal Current Deferred State and Local Current Deferred Income tax provision (benefit) Change in value of common stock subject to possible redemption The entire disclosure for public offering and private placement. Disclosure of accounting policy for emerging growth company. Disclosure of accounting policy for going concern. Disclosure of accounting policy for cash and securities held in trust account. Disclosure of accounting policy for common Stock subject to possible redemption. Represents as a placement units. Represents as a underwriters. Represents as a IPO and Over-Allotment. Represents as a sponsor. Principal deposited in trust account Represents as a income attributable to shares subject to redemption. Represents as a underwriters unit options. Represents as a marketable securities. Information by type of related party. Represents as a unit purchase option. Total common stock issued (issued and shares subject to possible redemption) Fair value of unit purchase option Fair value of unit purchase option per share Measurement input using rate at which price of security will increase (decrease) for given set of returns. Represents as a risk free interest rate. Represents as a expected life. State and Local Income Taxes [Abstract] Units sold Transfer from Trust Account to pay for taxes and franchise fees Payment of deferred offering costs through promissory note - related party Offering costs accrued as accounts payable - related party Withdrawal from Trust Account to pay for taxes and franchise fees Interest income available in trust Assets, Current Assets Deferred Income Tax Liabilities, Net Liabilities, Current Stockholders' Equity Attributable to Parent Liabilities and Equity Operating Income (Loss) Other Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income Tax Expense (Benefit) Increase (Decrease) in Deferred Income Taxes Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Accounts Payable, Related Parties Increase (Decrease) in Accrued Taxes Payable Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Investing Activities Payment of Financing and Stock Issuance Costs Net Cash Provided by (Used in) Financing Activities Cash, Period Increase (Decrease) Cash and Cash Equivalents, Policy [Policy Text Block] IncomeAttributableToSharesSubjectToRedemption Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Deferred Tax Assets, Gross Deferred Tax Liabilities, Other Deferred Tax Liabilities, Gross Deferred Tax Assets, Valuation Allowance Current State and Local Tax Expense (Benefit) Deferred State and Local Income Tax Expense (Benefit) EX-101.PRE 10 bracu-20180930_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information - shares
9 Months Ended
Sep. 30, 2018
Nov. 05, 2018
Document And Entity Information    
Entity Registrant Name Black Ridge Acquisition Corp.  
Entity Central Index Key 0001708341  
Document Type 10-Q  
Trading Symbol BRACU  
Document Period End Date Sep. 30, 2018  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Non-accelerated Filer  
Entity Common Stock, Shares Outstanding   17,695,000
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2018  
Entity Emerging Growth Company true  
Entity Small Business true  
Entity Transition Period false  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 65,946 $ 427,954
Prepaid expenses 71,317 33,093
Deferred income taxes 0 18,678
Total current assets 137,263 479,725
Cash and marketable securities held in Trust Account 140,580,447 138,980,353
Total assets 140,717,710 139,460,078
Current liabilities:    
Accounts payable and accrued expenses 77,571 45,391
Accounts payable - related party 8,318 2,940
Income taxes payable 317,125 85,722
Deferred income taxes 182 0
Total current liabilities 403,196 134,053
Total liabilities 403,196 134,053
Commitments
Common stock, $.0001 par value, subject to possible redemption, 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, at redemption value 135,314,510 134,326,020
Stockholders' equity:    
Preferred stock, $.0001 par value, 1,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $.0001 par value; 35,000,000 shares authorized, 4,375,202 and 4,346,557 shares at September 30, 2018 and December 31, 2017, respectively, issued and outstanding (excluding 13,319,798 and 13,348,443 shares at September 30, 2018 and December 31, 2017, respectively, subject to possible redemption) 438 435
Additional paid in capital 3,917,927 4,906,420
Retained earnings 1,081,639 93,150
Total stockholders' equity 5,000,004 5,000,005
Total liabilities and stockholders' equity $ 140,717,710 $ 139,460,078
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
Sep. 30, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, authorized (in shares) 1,000,000 1,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, authorized (in shares) 35,000,000 35,000,000
Common stock, issued (in shares) 4,375,202 4,346,557
Common stock, outstanding (in shares) 4,375,202 4,346,557
Common stock shares subject to possible redemption 13,319,798 13,348,443
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
General and administrative costs $ 140,870 $ 625 $ 400,626 $ 948
Loss from operations (140,870) (625) (400,626) (948)
Other income        
Interest income 676,147 0 1,722,249 0
Unrealized gain on marketable securities held in Trust Account 4,898 0 65,618 0
Total other income 681,045 0 1,787,867 0
Income (loss) before taxes 540,175 (625) 1,387,241 (948)
Provision for income taxes (155,526) 0 (398,752) 0
Net income (loss) $ 384,649 $ (625) $ 988,489 $ (948)
Weighted average shares outstanding, basic and diluted (1) [1] 4,365,666 3,000,000 4,357,041 3,000,000
Basic and diluted net loss per common share $ (0.02) $ (0.00) $ (0.07) $ (0.00)
[1] Excludes an aggregate of up to 13,319,798 shares subject to redemption at September 30, 2018. Excludes an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters' over-allotment was not exercised in full.
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 988,489 $ (948)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income (1,722,249) 0
Unrealized gain on marketable securities held in Trust Account (65,618) 0
Deferred income taxes 18,860 0
Changes in operating assets and liabilities:    
Prepaid expenses (38,224) 0
Accounts payable and accrued expenses 32,180 0
Accounts payable - related party 5,378 0
Income taxes payable 231,403 0
Net cash used in operating activities (549,781) (948)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Withdrawal from Trust Account to pay for taxes and franchise fees 187,773 0
Net cash provided by investing activities 187,773 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from promissory note - related party 0 62,500
Payment of offering costs 0 (75,021)
Proceeds from issuance of common stock to Sponsor 0 25,000
Net cash provided by financing activities 0 12,479
NET CHANGE IN CASH AND CASH EQUIVALENTS (362,008) 11,531
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 427,954  
CASH AND CASH EQUIVALENTS AT END OF PERIOD 65,946 11,531
SUPPLEMENTAL INFORMATION:    
Income taxes paid 148,489 0
NON-CASH INVESTING AND FINANCE ACTIVITIES:    
Offering costs accrued as accounts payable - related party 0 14,028
Payment of deferred offering costs through promissory note - related party 0 62,500
Change in value of common stock subject to possible redemption $ 988,490 $ 0
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
1. Description of Organization and Business Operations
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Description of Organization and Business Operations

Note 1 – Description of Organization and Business Operations

 

Black Ridge Acquisition Corp. (“BRAC” or the “Company”, “we”, “us” and ”our”) was incorporated in Delaware on May 9, 2017 as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a “Business Combination”). The Company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region. The Company is focusing its search on businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America.

 

All activity through September 30, 2018 relates to the Company’s formation, its Initial Public Offering, described below, and identifying a target company for a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

The registration statement for the Company’s initial public offering (“Initial Public Offering”) was declared effective on October 4, 2017. The registration statement was initially declared effective for 10,000,000 units (“Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), but the offering was increased to 12,000,000 Units pursuant to Rule 462(b) under the Securities Act of 1933, as amended. On October 10, 2017, the Company consummated the Initial Public Offering of 12,000,000 units, generating gross proceeds of $120,000,000.

 

Simultaneous with the closing of the Initial Public Offering, the Company consummated the sale of 400,000 units (the “Placement Units”) at a price of $10.00 per Unit in a private placement to the Company’s sponsor and sole stockholder prior to the Initial Public Offering, Black Ridge Oil & Gas, Inc. (the “Sponsor”), generating gross proceeds of $4,000,000.

 

Following the closing of the Initial Public Offering on October 10, 2017, an amount of $120,600,000 ($10.05 per Public Share) from the net proceeds of the sale of the Units in the Initial Public Offering and the Placement Units was placed in a trust account (“Trust Account”) and was invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.

 

On October 18, 2017, in connection with the underwriters’ exercise of their over-allotment option in full, the Company consummated the sale of an additional 1,800,000 Units, and the sale of an additional 45,000 Placement Units at $10.00 per Unit, generating total proceeds of $18,450,000. Transaction costs for underwriting fees on the sale of the over-allotment Units were $360,000. Following the closing, an additional $18,090,000 of the net proceeds ($10.05 per Public Share) was placed in the Trust Account, bringing the total aggregate proceeds placed in the Trust Account to $138,690,000 ($10.05 per Public Share).

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and private placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. Upon the closing of the Initial Public Offering, $10.05 per Public Share sold in the Initial Public Offering, including a portion of the proceeds of the Private Placements was deposited in a Trust Account to be held until the earlier of (i) the consummation of its initial Business Combination or (ii) the Company’s failure to consummate a Business Combination within 21 months from the consummation of the Initial Public Offering (the “Combination Period”). Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Trust Account is maintained by a third party trustee. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to the Company for any amounts that are necessary to pay the Company’s income and other tax obligations and up to $50,000 that may be used to pay for the costs of liquidating the Company. The Sponsor has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.05 per share by the claims of target businesses or claims of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company, but there is no assurance that the Sponsor will be able to satisfy its indemnification obligations if it is required to do so. Additionally, the agreement entered into by the Sponsor specifically provides for two exceptions to the indemnity it has given: it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity who has executed an agreement with the Company waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account, or (2) as to any claims for indemnification by the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

 

Initial Business Combination

 

Pursuant to the Nasdaq Capital Markets listing rules, the Company’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account, net of tax obligations, at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. The fair market value of the target will be determined by the Company’s board of directors based upon one or more standards generally accepted by the financial community (such as actual and potential sales, earnings, cash flow and/or book value). The target business or businesses that the Company acquires may have a collective fair market value substantially in excess of 80% of the Trust Account balance, net of tax obligations. In order to consummate such a Business Combination, the Company may issue a significant amount of its debt or equity securities to the sellers of such business and/or seek to raise additional funds through a private offering of debt or equity securities. If the Company’s securities are not listed on NASDAQ after the Initial Public Offering, the Company would not be required to satisfy the 80% requirement. However, the Company intends to satisfy the 80% requirement even if the Company’s securities are not listed on NASDAQ at the time of the initial Business Combination.

 

The Company will provide the stockholders, who are the holders of the Public Shares, whether they are purchased in the Initial Public Offering or in the aftermarket (“Public Stockholders”) with an opportunity to redeem all or a portion of their Public Shares, irrespective of whether they vote for or against the proposed Business Combination or if the Company conducts a tender offer, upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination, or (ii) by means of a tender offer, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest (net of franchise and income taxes payable), divided by the number of then outstanding Public Shares. The amount in the Trust Account, net of franchise and income taxes payable, currently amounts to approximately $10.17 per Public Share. The common stock subject to redemption was recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and solely in the case of a stockholder vote, a majority of the outstanding shares voted are voted in favor of the Business Combination. The decision as to whether the Company will seek stockholder approval of a proposed Business Combination or conduct a tender offer will be made by the Company, solely in its discretion, based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require it to seek stockholder approval under the law or stock exchange listing requirement. If a stockholder vote is not required and the Company decides not to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to the proposed amended and restated certificate of incorporation, (i) conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and (ii) file tender offer documents with the Securities and Exchange Commission (“SEC”) prior to completing the initial Business Combination which contain substantially the same financial and other information about the initial Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies.

 

The Sponsor has agreed to vote its Founder Shares (as described in Note 4), Placement Shares and any Public Shares purchased after the Initial Public Offering in favor of the initial Business Combination, and the Company’s executive officers and directors have also agreed to vote any Public Shares purchased after the Initial Public Offering in favor of the Initial Business Combination. The Sponsor entered into a letter agreement, pursuant to which it agreed to waive its redemption rights with respect to the Founder Shares, shares included in the Placement Units and Public Shares in connection with the completion of the initial Business Combination. In addition, the Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and shares included in the Placement Units if the Company fails to complete the initial Business Combination within the prescribed time frame. However, if the Sponsor (or any of the Company’s executive officers, directors or affiliates) acquires Public Shares after the Initial Public Offering, it (and they) will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares in the event the Company does not complete the initial Business Combination within such applicable time period.

 

Failure to Consummate a Business Combination

 

If the Company is unable to complete the initial Business Combination within the Combination Period, the Company must: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable and up to $50,000 for liquidation expenses) divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s Board of Directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
2. Significant Accounting Policies
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Significant Accounting Policies

Note 2 – Significant Accounting Policies

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company's Form 10-K as filed with the SEC on March 22, 2018. Interim results are not necessarily indicative of results for a full year or for future interim periods.

 

Going concern

 

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had $65,946 in cash and cash equivalents held outside of the Trust Account, $387,612 in interest income available from the Company's investments in the Trust Account to pay its franchise and income taxes payable, and liabilities of $403,196. Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. The Company’s plans to consummate an initial Business Combination may not be successful.  These matters, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

 

Based on the foregoing, the Company may not have sufficient funds available to operate its business through the mandatory liquidation date or until it closes an initial business combination and may need to obtain additional financing in order to meet its obligations.  The Company cannot be certain that additional funding will be available on acceptable terms, or at all.

 

The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

Emerging growth company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.

 

Cash and cash equivalents

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2018 or December 31, 2017.

 

Cash and securities held in Trust Account

 

As of September 30, 2018, $623 of cash and $140,579,824 of marketable securities were held in the Trust Account. As of December 31, 2017, $39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account. The Company withdrew $187,773 of interest income from the Trust Account to pay franchise and income taxes.

 

Income taxes

 

The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its financial position.

 

The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

 

On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at September 30, 2018 and December 31, 2017 at the new rate.

 

Common Stock subject to possible redemption

 

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

 

Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 

Net income (loss) per share

 

Net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. An aggregate of 13,319,798 shares of common stock subject to possible redemption at September 30, 2018 have been excluded from the calculation of basic income (loss) per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings. Additionally, an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters’ over-allotment was not exercised in full.

 

The Company's net income (loss) is also shown adjusted for the portion of income attributable to shares subject to redemption, as these shares only participate in the income of the trust account and not the operating losses of the Company. Accordingly, basic and diluted net income (loss) per share attributable to shares not subject to redemption is as follows:

 

   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
         
Net income  $384,649   $988,489 
Less income attributable to shares subject to redemption   (480,584)   (1,276,746)
Adjusted net loss   (95,935)   (288,257)
           
Weighted average shares outstanding, basic and diluted   4,365,666    4,357,041 
           
Basic and diluted net loss per common share attributable to remaining shares  $(0.02)  $(0.07)

 

For the period from May 9, 2017 (date of inception) to September 30, 2017, there was no portion of net income (loss) that was attributable to common stock subject to redemption.

 

The Company has not considered the effect of 1) warrants to purchase 14,845,000 shares of common stock, 2) rights that convert to 1,484,500 shares and 3) 600,000 shares included in the underwriters’ unit option sold in Public Offering, Private Placement or underlying the unit option sold to the underwriter in the calculation of diluted loss per share, since the exercise of the warrants, receipt of rights and shares is contingent on the occurrence of future events.

 

Use of estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

 

Fair value of financial instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures”, approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.

 

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed financial statements.

XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
3. Public Offering and Private Placement
9 Months Ended
Sep. 30, 2018
Public Offering And Private Placement  
Public Offering and Private Placement

Note 3 — Public Offering and Private Placement

 

Initial Public Offering

 

Pursuant to the Initial Public Offering, the Company sold 13,800,000 Units (including 1,800,000 Units subject to the underwriters’ over-allotment option) at a purchase price of $10.00 per Unit. Each Unit consists of one share of common stock, one right (“Public Right”) and one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination (see Note 6). Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 6).

 

Private Placement

 

Simultaneous with the closing of the Initial Public Offering and over-allotment option exercise, the Sponsor purchased an aggregate of 445,000 Placement Units at a price of $10.00 per Unit (or an aggregate purchase price of $4,450,000). Each Placement Unit consists of one share of common stock (“Placement Share”), one right (“Placement Right”) and one warrant (each, a “Placement Warrant”) to purchase one share of the common stock at an exercise price of $11.50 per share. A portion of the proceeds from the Placement Units, $690,000 or $0.05 per unit sold in the Initial public Offering, were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, that portion of the proceeds of the sale of the Placement Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Rights and Placement Warrants will expire worthless.

 

The Placement Units are identical to the Units sold in the Initial Public Offering except that the Placement Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the Sponsor or any of its permitted transferees. In addition, the Placement Units and their component securities may not be transferable, assignable or salable until after the consummation of a Business Combination, subject to certain limited exceptions.

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
4. Related Party Transactions
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

Note 4 — Related Party Transactions

 

Founder Shares

 

In connection with the organization of the Company, a total of 2,875,000 shares of common stock were sold to the Sponsor at a price of approximately $0.0087 per share for an aggregate of $25,000 (“Founder Shares”). On October 4, 2017, the Company effected a stock dividend of 0.2 shares for each of the then outstanding Founder Shares, resulting in the issuance of an additional 575,000 Founder Shares, bringing the total to 3,450,000 Founder Shares including an aggregate of up to 450,000 Founder Shares that had been subject to forfeiture to the extent that the over-allotment option was not exercised by the underwriters in full or in part. The Sponsor would have been required to forfeit only a number of Founder Shares necessary to continue to maintain the 20.0% ownership interest in our shares of common stock after giving effect to the offering and exercise, if any, of the underwriters’ over-allotment option (excluding the Placement Shares and any shares included in units acquired in the Initial Public Offering). As a result of the underwriters’ election to exercise their over-allotment option in full on October 18, 2017, the 450,000 Founders Shares previously subject to forfeiture are no longer subject to forfeiture.

 

Subject to certain limited exceptions, 50% of the Founder Shares will not be transferred, assigned, or sold until the earlier of: (i) one year after the date of the consummation of the initial Business Combination or (ii) the date on which the closing price of the Company’s common stock equals or exceeds $12.50 per share (as adjusted) for any 20 trading days within any 30-trading day period commencing 150 days after the initial Business Combination, and the remaining 50% of the Founder Shares will not be transferred, assigned, sold until one year after the date of the consummation of the initial Business Combination, or earlier, in either case, if, subsequent to the Company’s initial Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange, reorganization or other similar transaction which results in all of shareholders having the right to exchange their common stock for cash, securities or other property.

 

Accounts Payable - Related Party

 

Accounts payable – related party represents balances due to the Sponsor for general expenses paid by the Sponsor on behalf of the Company.

 

Administrative Service Agreement

 

Commencing on the effective date of the Initial Public Offering through the earlier of our consummation of our initial business combination or our liquidation, the Sponsor makes available to us certain general and administrative services, including office space, utilities and administrative support, as we may require from time to time. The Company agreed to pay the Sponsor $10,000 per month for these services. Management fee expense of $30,000 and $90,000 was recognized by the Company for the three and nine month periods ended September 30, 2018, respectively, and is included in the general and administrative expenses. No management fee was recognized by the Company in the 2017 periods.

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
5. Commitments and Contingencies
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 5 — Commitments and Contingencies

 

Registration Rights

 

Pursuant to a registration rights agreement entered into on October 4, 2017, the holders of the Founders’ Shares, as well as the holders of the Placement Units and any units our Sponsor, officers, directors or their affiliates may be issued in payment of working capital loans made to us (and all underlying securities), are entitled to registration rights. The holders of a majority of these securities are entitled to make up to two demands that we register such securities. The holders of the majority of the Founders’ Shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of common stock are to be released from escrow. The holders of a majority of the Placement Units and units issued to our Sponsor, officers, directors or their affiliates in payment of working capital loans made to us (or underlying securities) can elect to exercise these registration rights at any time after we consummate a Business Combination. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our consummation of a Business Combination. We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Agreement with Underwriters

  

The Company engaged the underwriters as advisors in connection with our Initial Business Combination to assist us in holding meetings with our shareholders to discuss the potential business combination and the target business’ attributes, introduce us to potential investors that are interested in purchasing our securities, assist us in obtaining shareholder approval for the business combination and assist us with our press releases and public filings in connection with the business combination. The Company will pay the underwriters a cash fee for such services upon the consummation of our initial business combination in an amount equal to 3.5% of the gross proceeds of the Initial Public Offering or $4,830,000 (exclusive of any applicable finders’ fees which might become payable).

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
6. Stockholders' Equity
9 Months Ended
Sep. 30, 2018
Stockholders' equity:  
Stockholders' Equity

Note 6 — Stockholders’ Equity

 

Preferred Stock

 

The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of September 30, 2018 and December 31, 2017, no preferred stock is issued or outstanding.

 

Common Stock

 

The Company is authorized to issue 35,000,000 shares of common stock, par value $0.0001 per share. As of September 30, 2018 and December 31, 2017, the Company has issued an aggregate of 17,695,000 shares of common stock, inclusive of 13,319,798 and 13,348,443 shares of common stock, respectively, subject to possible redemption classified as temporary equity in the accompanying Balance Sheets.

 

Rights

 

Each holder of a right will receive one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if a holder of such right converted all ordinary shares held by it in connection with a Business Combination. No fractional shares will be issued upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid for by investors in the Initial Public Offering. If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the shares of common stock will receive in the transaction on an as-converted into shares of common stock basis and each holder of rights will be required to affirmatively covert its rights in order to receive 1/10 of a share of common stock underlying each right (without paying additional consideration). The shares of common stock issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company).

 

If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. In no event will the Company be required to net cash settle the rights. Accordingly, the rights may expire worthless.

 

The Placement Rights are identical to the rights included in the Units sold in the Initial Public Offering, except that, among others, the Placement Rights and Placement Shares were purchased pursuant to an exemption from the registration requirements of the Securities Act and will become tradable only after certain conditions are met or the resale of such rights (including underlying securities) is registered under the Securities Act.

 

Warrants

 

The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the effective date of the registration statement relating to the Initial Public Offering. No Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon the exercise of the Warrants is not effective within 30 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Warrants on a cashless basis. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

 

The Placement Warrants are identical to the Warrants underlying the Units being sold in the Initial Public Offering, except the Placement Warrants are exercisable for cash (even if a registration statement covering the shares of common stock issuable upon exercise of such Placement Warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by the Company, in each case so long as they are still held by the Sponsor or its affiliates.

 

The Company may call the Warrants for redemption (excluding the Placement Warrants, but including any outstanding Warrants issued upon exercise of the unit purchase option issued to its underwriter), in whole and not in part, at a price of $.01 per Warrant:

 

  · at any time while the Warrants are exercisable,
     
  · upon not less than 30 days’ prior written notice of redemption to each Warrant holder,
     
  · if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to Warrant holders, and
     
  · if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants at the time of redemption and for the entire 30-day redemption period and continuing each day thereafter until the date of redemption.

 

If the Company calls the Warrants for redemption, management will have the option to require all holders that wish to exercise the Warrants to do so on a “cashless basis,” as described in the warrant agreement.

 

The exercise price and number of shares of common stock issuable upon exercise of the Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Warrants will not be adjusted for issuances of shares of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless.

 

Unit Purchase Option

 

On October 10, 2017, the Company sold to its underwriter (and/or its designees), for $100, an option to purchase up to 600,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $6,900,000) commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of this option are identical to those offered in the Initial Public Offering. The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to stockholders’ equity. The Company estimated the fair value of this unit purchase option to be approximately $1,778,978 (or $2.97 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.94% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such units, the common stock that is issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price.

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
7. Income Taxes
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7 – Income Taxes

 

We account for income taxes under the provisions of ASC Topic 740, Income Taxes, which provides for an asset and liability approach for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted laws, attributable to temporary differences between the carrying value amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes.

 

The Company’s net deferred tax assets (liabilities) as of September 30, 2018 and December 31, 2017 are as follows:

 

   September   December 
   30, 2018   31, 2017 
Deferred tax assets:          
Unrealized loss on marketable securities held in Trust Account  $   $18,678 
Total deferred tax assets       18,678 
Deferred tax liabilities:          
    Unrealized gain on marketable securities held in Trust Account   182     
    Total deferred tax liabilities   182     
Valuation allowance        
Net deferred tax assets (liabilities), net of allowance  $(182)  $18,678 

 

The income tax provision consists of the following:

 

   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
Federal          
Current  $101,559   $250,252 
Deferred   1,029    13,780 
State and Local          
Current   52,559    129,640 
Deferred   379    5,080 
Income tax provision  $155,526   $398,752 

  

The provision for income taxes was deemed to be immaterial for the period ended September 30, 2017.

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
8. Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 8 — Subsequent Events

 

The Company evaluates events that have occurred after the balance sheet date through the date these financial statements were issued. No events occurred of a material nature that would have required adjustments to or disclosures in these financial statements.

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
2. Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company's Form 10-K as filed with the SEC on March 22, 2018. Interim results are not necessarily indicative of results for a full year or for future interim periods.

Going concern

Going concern

 

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had $65,946 in cash and cash equivalents held outside of the Trust Account, $387,612 in interest income available from the Company's investments in the Trust Account to pay its franchise and income taxes payable, and liabilities of $403,196. Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. The Company’s plans to consummate an initial Business Combination may not be successful.  These matters, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

 

Based on the foregoing, the Company may not have sufficient funds available to operate its business through the mandatory liquidation date or until it closes an initial business combination and may need to obtain additional financing in order to meet its obligations.  The Company cannot be certain that additional funding will be available on acceptable terms, or at all.

 

The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Emerging growth company

Emerging growth company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.

Cash and cash equivalents

Cash and cash equivalents

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2018 or December 31, 2017.

Cash and securities held in Trust Account

Cash and securities held in Trust Account

 

As of September 30, 2018, $623 of cash and $140,579,824 of marketable securities were held in the Trust Account. As of December 31, 2017, $39,742 of cash and $138,940,611 of marketable securities were held in the Trust Account. The Company withdrew $187,773 of interest income from the Trust Account to pay franchise and income taxes.

Income taxes

Income taxes

 

The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its financial position.

 

The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

 

On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at September 30, 2018 and December 31, 2017 at the new rate.

Common Stock subject to possible redemption

Common Stock subject to possible redemption

 

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of September 30, 2018 and December 31, 2017, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

Concentration of credit risk

Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2018, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Net income (loss) per share

Net income (loss) per share

 

Net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. An aggregate of 13,319,798 shares of common stock subject to possible redemption at September 30, 2018 have been excluded from the calculation of basic income (loss) per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings. Additionally, an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters’ over-allotment was not exercised in full.

 

The Company's net income (loss) is also shown adjusted for the portion of income attributable to shares subject to redemption, as these shares only participate in the income of the trust account and not the operating losses of the Company. Accordingly, basic and diluted net income (loss) per share attributable to shares not subject to redemption is as follows:

 

   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
         
Net income  $384,649   $988,489 
Less income attributable to shares subject to redemption   (480,584)   (1,276,746)
Adjusted net loss   (95,935)   (288,257)
           
Weighted average shares outstanding, basic and diluted   4,365,666    4,357,041 
           
Basic and diluted net loss per common share attributable to remaining shares  $(0.02)  $(0.07)

 

For the period from May 9, 2017 (date of inception) to September 30, 2017, there was no portion of net income (loss) that was attributable to common stock subject to redemption.

 

The Company has not considered the effect of 1) warrants to purchase 14,845,000 shares of common stock, 2) rights that convert to 1,484,500 shares and 3) 600,000 shares included in the underwriters’ unit option sold in Public Offering, Private Placement or underlying the unit option sold to the underwriter in the calculation of diluted loss per share, since the exercise of the warrants, receipt of rights and shares is contingent on the occurrence of future events.

Use of estimates

Use of estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Fair value of financial instruments

Fair value of financial instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures”, approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed financial statements.

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
2. Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of net income (loss) per share
   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
         
Net income  $384,649   $988,489 
Less income attributable to shares subject to redemption   (480,584)   (1,276,746)
Adjusted net loss   (95,935)   (288,257)
           
Weighted average shares outstanding, basic and diluted   4,365,666    4,357,041 
           
Basic and diluted net loss per common share attributable to remaining shares  $(0.02)  $(0.07)
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
7. Income Taxes (Tables)
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets
   September   December 
   30, 2018   31, 2017 
Deferred tax assets:          
Unrealized loss on marketable securities held in Trust Account  $   $18,678 
Total deferred tax assets       18,678 
Deferred tax liabilities:          
    Unrealized gain on marketable securities held in Trust Account   182     
    Total deferred tax liabilities   182     
Valuation allowance        
Net deferred tax assets (liabilities), net of allowance  $(182)  $18,678 
Schedule of income tax provision (benefit)
   Three Months Ended September 30, 2018   Nine Months Ended September 30, 2018 
Federal          
Current  $101,559   $250,252 
Deferred   1,029    13,780 
State and Local          
Current   52,559    129,640 
Deferred   379    5,080 
Income tax provision  $155,526   $398,752 
XML 27 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
1. Description of Organization and Business Operations (Details Narrative)
12 Months Ended
Dec. 31, 2017
USD ($)
shares
Principal deposited in trust account $ 138,690,000
IPO [Member]  
Units sold | shares 12,000,000
Proceeds from units sold $ 120,000,000
Principal deposited in trust account $ 120,600,000
IPO [Member] | Underwriters Over-Allotment [Member]  
Units sold | shares 1,800,000
IPO initial costs $ 360,000
Principal deposited in trust account $ 18,090,000
IPO [Member] | Private Placement Units [Member]  
Units sold | shares 400,000
Proceeds from units sold $ 4,000,000
IPO [Member] | Private Placement Units [Member] | Underwriters Over-Allotment [Member]  
Units sold | shares 45,000
Proceeds from units sold $ 18,450,000
XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
2. Significant Accounting Policies (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Accounting Policies [Abstract]        
Net income $ 384,649 $ (625) $ 988,489 $ (948)
Less: Income attributable to shares subject to redemption (480,584)   (1,276,746)  
Adjusted net loss $ (95,935)   $ (288,257)  
Weighted average shares outstanding, basic and diluted [1] 4,365,666 3,000,000 4,357,041 3,000,000
Basic and diluted net loss per share attributable to remaining shares $ (0.02) $ (0.00) $ (0.07) $ (0.00)
[1] Excludes an aggregate of up to 13,319,798 shares subject to redemption at September 30, 2018. Excludes an aggregate of 450,000 shares for the 2017 periods that were subject to forfeiture at September 30, 2017 to the extent the underwriters' over-allotment was not exercised in full.
XML 29 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
2. Significant Accounting Policies (Details Narrative) - USD ($)
9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
May 08, 2017
Cash and cash equivalents $ 65,946 $ 427,954 $ 11,531 $ 0
Liabilities 403,196 134,053    
Cash equivalents 0      
Assets held in trust $ 140,580,447 138,980,353    
Warrants [Member]        
Possible antidilutive shares 14,845,000      
Rights [Member]        
Possible antidilutive shares 1,484,500      
Underwriters Unit Options [Member]        
Possible antidilutive shares 600,000      
Marketable Securities [Member]        
Assets held in trust $ 140,579,824 138,940,611    
Cash [Member]        
Assets held in trust 623 $ 39,742    
Assets held outside the Trust [Member]        
Cash and cash equivalents 65,946      
Assets held inside the Trust [Member]        
Liabilities 403,196      
Interest income available in trust 387,612      
Franchise and income taxes paid from interest income $ 187,773      
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
3. Public Offering and Private Placement (Details Narrative)
12 Months Ended
Dec. 31, 2017
USD ($)
shares
IPO and Over-Allotment [Member]  
Description of each unit offering <p><font style="font: 8pt Times New Roman, Times, Serif">Each Unit consists of one share of common stock, one right (“Public Right”) and one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination (see Note 6). Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50.</font></p>
IPO and Over-Allotment [Member] | Private Placement Units [Member] | Sponsor [Member]  
Units sold 445,000
Proceeds from sale of units | $ $ 4,450,000
Initial Public Offering [Member]  
Units sold 13,800,000
Initial Public Offering [Member] | Underwriters' Over-Allotment Option [Member]  
Units sold 1,800,000
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
4. Related Party Transactions (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Oct. 18, 2017
Oct. 04, 2017
May 31, 2017
Sep. 30, 2018
Sep. 30, 2018
Dec. 31, 2017
Common stock, outstanding   3,450,000   4,375,202 4,375,202 4,346,557
Ownership interest   20.00%        
Management fee expense       $ 30,000 $ 90,000  
Over-Allotment Option [Member] | Common Stock [Member]            
Number of shares subject to forfeiture 0 450,000        
Black Ridge Oil & Gas, Inc ("Sponsor") [Member]            
Number of units issued in transaction (in aggregate)   575,000 2,875,000      
Share issued, per share (in dollars per share)     $ 0.0087      
Value of shares issued     $ 25,000      
Sponsor fees, per month         $ 10,000  
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
6. Stockholders' Equity (Details Narrative) - USD ($)
9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Preferred stock, authorized 1,000,000 1,000,000
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, issued 0 0
Preferred stock, outstanding 0 0
Common stock, authorized 35,000,000 35,000,000
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Temporary equity shares 13,319,798 13,348,443
Total common stock issued 17,695,000  
Unit Purchase Option [Member]    
Fair value of unit purchase option $ 1,778,978  
Fair value of unit purchase option per share $ 2.97  
Expected volatility 35.00%  
Risk free interest rate 1.94%  
Expected life 5 years  
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
7. Income Taxes (Details - Deferred taxes) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Deferred tax assets:    
Unrealized loss on marketable securities held in Trust Account $ 0 $ 18,678
Total deferred tax assets 0 18,678
Deferred tax liabilities:    
Unrealized gain on marketable securities held in Trust Account 182 0
Total deferred tax liabilities 182 0
Valuation allowance 0 0
Deferred tax assets (liabilities), net of allowance $ (182) $ 18,678
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
7. Income Taxes (Details - Income tax provision) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Federal        
Current $ 101,559   $ 250,252  
Deferred 1,029   13,780  
State and Local        
Current 52,559   129,640  
Deferred 379   5,080  
Income tax provision (benefit) $ 155,526 $ 0 $ 398,752 $ 0
EXCEL 35 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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a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end XML 36 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 37 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 39 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 37 128 1 true 18 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://blackridgeoil.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - CONDENSED BALANCE SHEETS (Unaudited) Sheet http://blackridgeoil.com/role/CondensedBalanceSheets CONDENSED BALANCE SHEETS (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Sheet http://blackridgeoil.com/role/CondensedBalanceSheetsParenthetical CONDENSED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - STATEMENTS OF OPERATIONS (Unaudited) Sheet http://blackridgeoil.com/role/StatementsOfOperations STATEMENTS OF OPERATIONS (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - STATEMENT OF CASH FLOWS (Unaudited) Sheet http://blackridgeoil.com/role/StatementOfCashFlows STATEMENT OF CASH FLOWS (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - 1. Description of Organization and Business Operations Sheet http://blackridgeoil.com/role/DescriptionOfOrganizationAndBusinessOperations 1. Description of Organization and Business Operations Notes 6 false false R7.htm 00000007 - Disclosure - 2. Significant Accounting Policies Sheet http://blackridgeoil.com/role/SignificantAccountingPolicies 2. Significant Accounting Policies Notes 7 false false R8.htm 00000008 - Disclosure - 3. Public Offering and Private Placement Sheet http://blackridgeoil.com/role/PublicOfferingAndPrivatePlacement 3. Public Offering and Private Placement Notes 8 false false R9.htm 00000009 - Disclosure - 4. Related Party Transactions Sheet http://blackridgeoil.com/role/RelatedPartyTransactions 4. Related Party Transactions Notes 9 false false R10.htm 00000010 - Disclosure - 5. Commitments and Contingencies Sheet http://blackridgeoil.com/role/CommitmentsAndContingencies 5. Commitments and Contingencies Notes 10 false false R11.htm 00000011 - Disclosure - 6. Stockholders' Equity Sheet http://blackridgeoil.com/role/StockholdersEquity 6. Stockholders' Equity Notes 11 false false R12.htm 00000012 - Disclosure - 7. Income Taxes Sheet http://blackridgeoil.com/role/IncomeTaxes 7. Income Taxes Notes 12 false false R13.htm 00000013 - Disclosure - 8. Subsequent Events Sheet http://blackridgeoil.com/role/SubsequentEvents 8. Subsequent Events Notes 13 false false R14.htm 00000014 - Disclosure - 2. Significant Accounting Policies (Policies) Sheet http://blackridgeoil.com/role/SignificantAccountingPoliciesPolicies 2. Significant Accounting Policies (Policies) Policies http://blackridgeoil.com/role/SignificantAccountingPolicies 14 false false R15.htm 00000015 - Disclosure - 2. Significant Accounting Policies (Tables) Sheet http://blackridgeoil.com/role/SignificantAccountingPoliciesTables 2. Significant Accounting Policies (Tables) Tables http://blackridgeoil.com/role/SignificantAccountingPolicies 15 false false R16.htm 00000016 - Disclosure - 7. Income Taxes (Tables) Sheet http://blackridgeoil.com/role/IncomeTaxesTables 7. Income Taxes (Tables) Tables http://blackridgeoil.com/role/IncomeTaxes 16 false false R17.htm 00000017 - Disclosure - 1. Description of Organization and Business Operations (Details Narrative) Sheet http://blackridgeoil.com/role/DescriptionOfOrganizationAndBusinessOperationsDetailsNarrative 1. Description of Organization and Business Operations (Details Narrative) Details http://blackridgeoil.com/role/DescriptionOfOrganizationAndBusinessOperations 17 false false R18.htm 00000018 - Disclosure - 2. Significant Accounting Policies (Details) Sheet http://blackridgeoil.com/role/SignificantAccountingPoliciesDetails 2. Significant Accounting Policies (Details) Details http://blackridgeoil.com/role/SignificantAccountingPoliciesTables 18 false false R19.htm 00000019 - Disclosure - 2. Significant Accounting Policies (Details Narrative) Sheet http://blackridgeoil.com/role/SignificantAccountingPoliciesDetailsNarrative 2. Significant Accounting Policies (Details Narrative) Details http://blackridgeoil.com/role/SignificantAccountingPoliciesTables 19 false false R20.htm 00000020 - Disclosure - 3. Public Offering and Private Placement (Details Narrative) Sheet http://blackridgeoil.com/role/PublicOfferingAndPrivatePlacementDetailsNarrative 3. Public Offering and Private Placement (Details Narrative) Details http://blackridgeoil.com/role/PublicOfferingAndPrivatePlacement 20 false false R21.htm 00000021 - Disclosure - 4. Related Party Transactions (Details Narrative) Sheet http://blackridgeoil.com/role/RelatedPartyTransactionsDetailsNarrative 4. Related Party Transactions (Details Narrative) Details http://blackridgeoil.com/role/RelatedPartyTransactions 21 false false R22.htm 00000022 - Disclosure - 6. Stockholders' Equity (Details Narrative) Sheet http://blackridgeoil.com/role/StockholdersEquityDetailsNarrative 6. Stockholders' Equity (Details Narrative) Details http://blackridgeoil.com/role/StockholdersEquity 22 false false R23.htm 00000023 - Disclosure - 7. Income Taxes (Details - Deferred taxes) Sheet http://blackridgeoil.com/role/IncomeTaxesDetails-DeferredTaxes 7. Income Taxes (Details - Deferred taxes) Details http://blackridgeoil.com/role/IncomeTaxesTables 23 false false R24.htm 00000024 - Disclosure - 7. Income Taxes (Details - Income tax provision) Sheet http://blackridgeoil.com/role/IncomeTaxesDetails-IncomeTaxProvision 7. Income Taxes (Details - Income tax provision) Details http://blackridgeoil.com/role/IncomeTaxesTables 24 false false All Reports Book All Reports bracu-20180930.xml bracu-20180930.xsd bracu-20180930_cal.xml bracu-20180930_def.xml bracu-20180930_lab.xml bracu-20180930_pre.xml http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/srt/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true ZIP 41 0001683168-18-003285-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001683168-18-003285-xbrl.zip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�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end