Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Balance Sheets

v3.8.0.1
Condensed Interim Balance Sheets - USD ($)
Aug. 31, 2017
Nov. 30, 2016
Current assets    
Cash $ 211,105 $ 490,888
Prepaid expenses 20,575 32,219
Total current assets 231,680 523,107
Cash and investments held in the Trust Account 70,834,681 70,442,615
Total assets 71,066,361 70,965,722
Current liabilities    
Accounts payable 87,892 24,750
Accrued liabilities 20,500 25,500
Unsecured promissory notes - related parties 303,300  
Total current liabilities 411,692 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 2,136,845 1,775,403
Common stock subject to possible redemption: 6,231,961 and 6,293,168 shares on August 31, 2017 and November 30, 2016, respectively (at a redemption value of approximately $10.26 and $10.20, respectively) 63,929,512 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, 2,778,216 and 2,717,009 shares issued and outstanding on August 31, 2017 and November 30, 2016, respectively (excluding 6,231,961 and 6,293,168 shares on August 31, 2017 and November 30, 2016, respectively subject to redemption) 275 272
Additional paid-in capital 5,350,721 5,089,922
Accumulated deficit (350,992) (90,189)
Total shareholders' equity 5,000,004 5,000,005
Total liabilities and shareholders' equity $ 71,066,361 $ 70,965,722