3. Cash and Investment Held in Trust Account

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Cash and Investment Held in Trust Account

NOTE 3 — CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of March 31, 2019, investment securities in the Company’s Trust Account consisted of $46,647,193 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 March 31, 2019 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on March 31, 2019 is as follows:

	Carrying Value as of March 31, 2019 (unaudited)		Gross Unrealized Holding Gain		Fair Value as of March 31, 2019 (unaudited)
Available-for-sale marketable securities:
U.S. Treasury Securities	$	46,342,279	$	304,914	$	46,647,193

	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