Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Balance Sheets

v3.7.0.1
Condensed Interim Balance Sheets - USD ($)
May 31, 2017
Nov. 30, 2016
Current assets    
Cash $ 355,538 $ 490,888
Prepaid expenses 44,520 32,219
Total current assets 400,058 523,107
Cash and investments held in the Trust Account 70,423,062 70,442,615
Total assets 70,823,120 70,965,722
Current liabilities    
Accounts payable 81,319 24,750
Accrued liabilities 21,100 25,500
Total current liabilities 102,419 50,250
Non-current liabilities    
Deferred underwriting fees 1,725,153 1,725,153
Total non-current liabilities 1,725,153 1,725,153
Total Liabilities 1,827,572 1,775,403
Common stock subject to possible redemption: 6,274,073 and 6,293,168 shares on May 31, 2017 and November 30, 2016, respectively (at a redemption value of approximately $10.20) 63,995,545 64,190,314
Shareholders' Equity    
Preferred shares, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 200,000,000 shares authorized, 2,736,104 and 2,717,009 shares issued and outstanding on May 31, 2017 and November 30, 2016, respectively (excluding 6,274,073 and 6,293,168 shares on May 31, 2017 and November 30, 2016, respectively subject to redemption) 274 272
Additional paid-in capital 5,284,689 5,089,922
Accumulated deficit (284,960) (90,189)
Total shareholders' equity 5,000,003 5,000,005
Total liabilities and shareholders' equity $ 70,823,120 $ 70,965,722