2. Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Subsidiary

The accompanying unaudited condensed consolidated financial statements reflect the activities of the Company and each of the following entities:

Name	Background	Ownership
Chelsea Worldwide Inc. (“PubCo”)	A Delaware company Incorporated on August 12, 2020	100% Owned by Tottenham
Creative Worldwide Inc. (“Merger Sub”)	A Delaware company Incorporated on August 12, 2020	100% Owned by PubCo

Fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.

	September 30, 2020		Quoted Prices In Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
Description	(Unaudited)		(Level 1)		(Level 2)		(Level 3)
Assets:
MSILF Treasury Securities held in Trust Account*	$	25,594,307	$	25,594,307	$	–	$	–

	December 31, 2019		Quoted Prices In Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
Description			(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury Securities held in Trust Account*	$	48,298,955	$	48,298,955	$	–	$	–

*included in cash and investments held in trust account on the Company’s consolidated balance sheet.