Quarterly report pursuant to Section 13 or 15(d)

9. Fair Value of Financial Instruments (Tables)

v3.19.2
9. Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2019 and December 31, 2018:

 

    Fair Value Measurements at June 30, 2019  
    Level 1     Level 2     Level 3  
Assets                  
Restricted cash and investments held in trust   $ 142,048,087     $     $  
Cash and cash equivalents     268,067              
Total assets     142,316,154              
                         
Liabilities                        
Total liabilities                  
    $ 142,316,154     $     $  

 

    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     $     $