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 ($)
6 Months Ended
May 31, 2018
May 31, 2017
Cash Flows from Operating Activities    
Net loss $ (372,766) $ (194,772)
Changes in operating assets and liabilities    
Increase in prepaid expenses (15,378) (12,301)
Increase in accounts payable 347,081 56,569
Decrease/(increase) in accrued liabilities 18,600 (4,400)
Net cash used in operating activities (22,463) (154,904)
Net cash used in Investing Activities    
Cash withdrawn from Trust Account 34,787,998
Interest withdrawn from Trust Account 485,382 220,000
Interest income earned on Trust Account (496,062) (200,466)
Net cash provided by investing activities 34,777,318 19,534
Cash Flows from Financing Activities    
Payments due to common shares redeemed (34,787,998)
Payments to related parties (including loans) (15,246)
Contributions from related parties (including loans) 15,246
Net cash used in financing activities (34,787,998)
Net decrease in cash (33,143) (135,370)
Cash at beginning of period 117,205 490,888
Cash at end of period 84,062 355,518
Supplemental disclosure of non-cash financing activities    
Deferred underwriting fees reduction 838,265
Funds from related party promissory notes contributed for extension 229,182
Funds from Phunware promissory note contributed for extension $ 263,350