Cash and Investments Held in Trust Account

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Cash and Investments Held in Trust Account

Note 6 — Cash and Investments Held in Trust Account

As of March 31, 2019 and December 31, 2018, investments in the Company's Trust Account consisted of $597 and $31,335 in United States Money Market funds and $116,012,264 and $114,848,797 in U.S. Treasury Securities, respectively. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320 "Investments — Debt and Equity Securities." Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheets and adjusted for the amortization or accretion of premiums or discounts.

The gross holding gains and fair value of held-to-maturity securities at March 31, 2019 and December 31, 2018 are as follows:

	Amortized Cost		Gross Holding Gain		Fair Value
March 31, 2019
U.S. Money Market	$	597	$	—	$	597
U.S. Treasury Securities		116,012,264		7,462		116,019,726
	$	116,012,861	$	7,462	$	116,020,323
December 31, 2018
U.S. Money Market	$	31,335	$	—	$	31,335
U.S. Treasury Securities		114,848,797		444,119		115,292,916
	$	114,880,132	$	444,119	$	115,324,251