Quarterly report pursuant to Section 13 or 15(d)

11. Fair Value of Financial Instruments (Tables)

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11. Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
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 September 30, 2018 and December 31, 2017:

 

    Fair Value Measurements at September 30, 2018  
    Level 1     Level 2     Level 3  
Assets                  
Restricted cash and investments held in trust   $ 140,580,447                  
Cash and cash equivalents     2,138,678     $     $  
Total assets     142,719,125              
                         
Liabilities                  
Total liabilities                  
    $ 142,719,125     $     $  

 

    Fair Value Measurements at December 31, 2017  
    Level 1     Level 2     Level 3  
Assets                  
Restricted cash and investments held in trust   $ 138,980,353                  
Cash and cash equivalents     1,477,089     $     $  
Total assets     140,457,442              
                         
Liabilities                  
Total liabilities                  
    $ 140,457,442     $     $