3. Cash and Investment Held in Trust Account

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Cash and Investment Held in Trust Account

NOTE 3 — CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of December 31, 2019, investment securities in the Company’s Trust Account consisted of $48,298,955 in United States Treasury Bills and $1,278 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 debt securities. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying December 31, 2019 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable debt securities on December 31, 2019 and 2018 are as follows:

	Carrying Value as of December 31, 2019		Gross Unrealized Holding Gain		Fair Value as of December 31, 2019
Available-for-sale marketable securities:
U.S. Treasury Securities	$	48,119,016	$	179,939	$	48,298,955

	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