Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Cash Flows from Operating Activities    
Net loss $ (761,852) $ (260,803)
Changes in operating assets and liabilities    
Increase in prepaid expenses (26,296) 11,644
Increase in accounts payable 651,068 63,142
Decrease /(increase) in accrued liabilities (12,500) (5,000)
Net cash used in operating activities (149,580) (191,017)
Net cash used in Investing Activities    
Cash withdrawn from Trust Account 52,560,319
Interest withdrawn from Trust Account 640,959 280,000
Interest income earned on Trust Account (659,361) (368,766)
Net cash provided by/(used in) investing activities 52,541,917 (88,766)
Cash Flows from Financing Activities    
Payments for common shares redeemed (52,560,319)
Payments to related parties (including loans) (15,246)
Contributions from related parties (including loans) 85,246 303,300
Net cash used in financing activities (52,490,319) 303,300
Net decrease in cash (97,982) (279,783)
Cash at beginning of period 117,205 490,888
Cash at end of period 19,223 211,105
Supplemental disclosure of non-cash financing activities    
Deferred underwriting fees reduction 1,262,233
Funds from related party promissory notes contributed for extension 390,381
Funds from Phunware promissory note contributed for extension $ 424,549