Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Balance Sheets

v3.7.0.1
Condensed Interim Balance Sheets - USD ($)
Feb. 28, 2017
Nov. 30, 2016
Current assets    
Cash $ 391,728 $ 490,888
Prepaid expenses 68,465 32,219
Total current assets 460,193 523,107
Cash and investments held in the Trust Account 70,515,850 70,442,615
Total assets 70,976,043 70,965,722
Current liabilities    
Accounts payable 55,000 24,750
Accrued liabilities 17,100 25,500
Total current liabilities 72,100 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 1,797,253 1,775,403
Common stock subject to possible redemption: 6,292,038 and 6,293,168 shares on February 28, 2017 and November 30, 2016, respectively (at a redemption value of approximately $10.20) 64,178,788 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, 2,718,139 and 2,717,009 shares issued and outstanding on February 28, 2017 and November 30, 2016, respectively (excluding 6,292,038 and 6,293,168 shares on February 28, 2017 and November 30, 2016, respectively subject to redemption) 272 272
Additional paid-in capital 5,101,448 5,089,922
Accumulated deficit (101,718) (90,189)
Total shareholders' equity 5,000,002 5,000,005
Total liabilities and shareholders' equity $ 70,976,043 $ 70,965,722