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Cash and Investment Held in Trust Account
12 Months Ended
Dec. 31, 2019
Cash and Investment Held in Trust Account [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 $46,593,508 in United States Treasury Bills and $10,468 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 December 31, 2019 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on December 31, 2019 is as follows:

 

   Carrying Value as of December 31, 2019   Gross Unrealized Holding Gain   Fair Value as of December 31, 2019 
             
Held-to-maturity:               
U.S. Treasury Bill  $46,421,849   $171,659   $46,593,508