Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Changes in Shareholders' Equity (Unaudited)

v3.20.1
Condensed Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Ordinary Shares [Member]
Additional Paid-in Capital [Member]
Retained Earnings/ (Accumulated Deficit) [Member]
Total
Balance at Dec. 31, 2018 $ 287 $ 24,713 $ (28,997) $ (3,997)
Balance, shares at Dec. 31, 2018 2,875,000      
Sale of 10,800,000 Units, net of underwriting discounts $ 1,080 104,794,469 104,795,549
Sale of 10,800,000 Units, net of underwriting discounts, shares 10,800,000      
Sale of 395,000 Private Units $ 40 3,949,960 3,950,000
Sale of 395,000 Private Units, shares 395,000      
Forfeiture of Founder Shares $ (17) 17
Forfeiture of Founder Shares, shares (175,000)      
Ordinary shares subject to possible redemption $ (1,037) (104,049,279) (104,050,316)
Ordinary shares subject to possible redemption, shares (10,365,307)      
Net income 308,767 308,767
Balance at Mar. 31, 2019 $ 353 4,719,880 279,770 5,000,003
Balance, shares at Mar. 31, 2019 3,529,693      
Balance at Dec. 31, 2019 $ 355 3,266,203 1,733,450 5,000,008
Balance, shares at Dec. 31, 2019 [1] 3,550,450      
Change in value of ordinary shares subject to possible redemption $ 1 (333,180) (333,179)
Change in value of ordinary shares subject to possible redemption, shares 12,125      
Net income 333,179 333,179
Balance at Mar. 31, 2020 $ 356 $ 2,933,023 $ 2,066,629 $ 5,000,008
Balance, shares at Mar. 31, 2020 3,562,575      
[1] As of December 31, 2018, this amount included an aggregate of 375,000 shares that were subject to forfeiture to the extent that the underwriters' over-allotment option was not exercised in full. As a result of the underwriters' election to partially exercise their over-allotment option in January 2019, an aggregate of 200,000 shares were no longer subject to forfeiture and 175,000 shares were subject to forfeiture to the extent that the underwriters' over-allotment was not exercised in full. The remaining over-allotment option expired unexercised on March 17, 2019 (see Note 7).