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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 429,447 $ 743,783
Prepayments 47,542 46,693
Total Current Assets 476,989 790,476
Cash and investments held in trust account 48,300,233 46,370,520
TOTAL ASSETS 48,777,222 47,160,996
Current liabilities:    
Accrued liabilities 107,358 115,233
Promissory note payable to related party 920,000 0
Amount due to a related party 389,645 107,007
Total Current Liabilities 1,417,003 222,240
Deferred underwriting compensation 1,840,000 1,840,000
TOTAL LIABILITIES 3,257,003 2,062,240
Commitments and contingencies
Ordinary shares, subject to conversion: 3,859,050 and 3,977,835 shares (at conversion value of $10.50 and $10.08 per share) as of December 31, 2019 and 2018, respectively 40,520,218 40,098,755
Shareholders' Equity:    
Preferred shares, $0.0001 par value; 2,000,000 shares authorized; no share issued 0 0
Ordinary shares, $0.0001 par value; 100,000,000 shares authorized; 2,105,950 and 1,987,165 shares issued and outstanding (excluding 3,859,050 and 3,977,835 shares subject to conversion) 211 199
Additional paid-in capital 4,534,106 4,955,581
Accumulated other comprehensive income 179,939 27,179
Retained earnings 285,745 17,042
Total Shareholders' Equity 5,000,001 5,000,001
TOTAL LIABILITIES AND SHAREHOLDERS'EQUITY $ 48,777,222 $ 47,160,996