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BALANCE SHEETS (UNAUDITED) - USD ($)
Aug. 31, 2018
May 31, 2018
Current Assets    
Cash and cash equivalents $ 355,828 $ 458,063
Prepaid expenses 81 3,168
Total Current Assets 355,909 461,231
Cash held in Trust Account 53,119,511 52,895,652
TOTAL ASSETS 53,475,420 53,356,883
Current Liabilities    
Loan payable - Related party 85,238 81,618
Accrued expenses 182,807 63,579
Deferred legal fees 100,000 100,000
Total current liabilities 368,045 245,197
Deferred underwriting fees 1,820,000 1,820,000
Total Liabilities 2,188,045 2,065,197
Commitments
Common stock subject to possible redemption, $.0001 par value; 4,560,332 and 4,560,757 shares as of August 31, 2018 and May 31, 2018, respectively, at redemption value 46,287,374 46,291,685
Stockholders' Equity    
Preferred Stock - $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding
Common Stock - $0.0001 par value; 20,000,000 shares authorized; 2,253,168 and 2,252,743 shares issued and outstanding (excluding 4,560,332 and 4,560,757 shares subject to possible redemption) as of August 31, 2018 and May 31, 2018, respectively 225 225
Additional paid-in capital 5,013,621 5,009,310
Retained earnings (Accumulated deficit) (13,845) (9,534)
Total Stockholders' Equity 5,000,001 5,000,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 53,475,420 $ 53,356,883