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9. Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Valuation of financial instruments at fair value

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2019 and December 31, 2018:

Fair Value Measurements at March 31, 2019

Level 1

Level 2

Level 3

Assets

Restricted cash and investments held in trust

$

142,027,742

$

–

$

–

Cash and cash equivalents

826,525

–

–

Total assets

142,854,267

–

–

Liabilities

–

–

–

Total liabilities

–

–

–

$

142,854,267

$

–

$

–

Fair Value Measurements at December 31, 2018

Level 1

Level 2

Level 3

Assets

Restricted cash and investments held in trust

$

141,307,307

Cash and cash equivalents

1,503,500

$

–

$

–

Total assets

142,810,807

–

–

Liabilities

–

–

–

Total liabilities

–

–

–

$

142,810,807

$

–

$

–

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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