3. Cash and Investment Held in Trust Account

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Cash and Investment Held in Trust Account

NOTE 3 — CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of September 30, 2019, investment securities in the Company’s Trust Account consisted of $47,639,029 in United States Treasury Bills and $294 in cash. 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 September 30, 2019 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on September 30, 2019 and December 31, 2018 are as follows:

	Carrying Value as of September 30, 2019 (unaudited)		Gross Unrealized Holding Gain		Fair Value as of September 30, 2019 (unaudited)
Available-for-sale marketable securities:
U.S. Treasury Securities	$	47,410,114	$	228,915	$	47,639,029

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