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3. Cash and Investment Held in Trust Account
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Cash and Investment Held in Trust Account

NOTE 3 – CASH AND INVESTMENT HELD IN TRUST ACCOUNT

 

As of December 31, 2018, investment securities in the Company’s Trust Account consisted of $46,369,458 in United States Treasury Bills and $1,062 in cash. The Company classifies its United States Treasury securities as available-for-sale. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying December 31, 2018 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on December 31, 2018 is as follows:

 

   Carrying Value as of December 31, 2018   Gross Unrealized Holding Gain   Fair Value as of December 31, 2018 
             
Available-for-sale marketable securities:               
U.S. Treasury Securities  $46,342,279   $27,179   $46,369,458