CONDENSED STATEMENT OF CASH FLOWS |
3 Months Ended |
|---|---|
|
Mar. 31, 2018
USD ($)
| |
| Cash Flows from Operating Activities: | |
| Net income | $ 167,835 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |
| Interest earned on investments and marketable securities held in Trust Account | (865,822) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (28,359) |
| Accounts payable | 1,903,995 |
| Accrued expenses | (415,181) |
| Income tax payable | 172,365 |
| Franchise tax payable | 45,000 |
| Net cash provided by operating activities | 979,833 |
| Cash Flows from Investing Activities | |
| Interest released from Trust Account | 147,484 |
| Net cash provided by investing activities | 147,484 |
| Cash Flows from Financing Activities: | |
| Net increase in cash | 1,127,317 |
| Cash - beginning of the period | 828,555 |
| Cash - end of the period | 1,955,872 |
| Supplemental disclosure of noncash investing and financing activities: | |
| Change in value of Class A ordinary shares subject to possible redemption | $ 167,830 |
| X | ||||||||||
- Definition Represent the amount of Increase Decrease In Excise And Sales Taxes. No definition available.
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- Definition The interest received on investment during the period. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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