Concrete Pumping (BBCP) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 15, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	Industrea Acquisition Corp.
Entity Central Index Key	1,703,956
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	INDUU
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,000,000
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,750,000

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash	$ 1,955,872	$ 828,555
Prepaid expenses	300,524	272,165
Total current assets	2,256,396	1,100,720
Cash and marketable securities held in Trust Account	235,913,372	235,195,034
Total assets	238,169,768	236,295,754
Current liabilities:
Accounts payable	2,109,244	205,249
Accrued expenses	10,000	425,181
Accrued expenses - related parties	92,500	92,500
Income tax payable	172,365	0
Franchise tax payable	45,000	0
Total current liabilities	2,429,109	722,930
Deferred underwriting commissions	8,050,000	8,050,000
Total liabilities	10,479,109	8,772,930
Commitments
Class A common stock, $0.0001 par value; 21,832,417 and 21,815,963 shares subject to possible redemption (at $10.20 per share) at March 31, 2018 and December 31, 2017, respectively	222,690,653	222,522,823
Stockholders' Equity:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2018 and December 31, 2017	0	0
Additional paid-in capital	5,149,145	5,316,974
Accumulated deficit	(149,831)	(317,666)
Total stockholders' equity	5,000,006	5,000,001
Total Liabilities and Stockholders' Equity	238,169,768	236,295,754
Common Class A [Member]
Stockholders' Equity:
Common Stock, Value, Issued	117	118
Common Class B [Member]
Stockholders' Equity:
Common Stock, Value, Issued	$ 575	$ 575

CONDENSED BALANCE SHEETS _Paren

CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Temporary Equity, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Temporary Equity, Shares Outstanding	21,832,417	21,815,963
Temporary Equity, Redemption Price Per Share	$ 10.20	$ 10.20
Common Class A [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	1,167,583	1,184,037
Common Stock, Shares, Outstanding	1,167,583	1,184,037
Temporary Equity, Shares Outstanding	21,832,417	21,815,963
Common Class B [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	5,750,000	5,750,000
Common Stock, Shares, Outstanding	5,750,000	5,750,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
General and administrative costs	$ 480,585
Franchise tax expense	45,037
Loss from operations	(525,622)
Investment income on Trust Account	865,822
Income before income tax expense	340,200
Income tax expense	172,365
Net income	$ 167,835
Weighted average shares outstanding
Basic | shares	6,933,854	[1]
Diluted | shares	28,750,000
Net income per common share
Basic | $ / shares	$ 0.02
Diluted | $ / shares	$ 0.01
[1]	This number excludes an aggregate of 21,832,417 shares subject to possible redemption at March 31, 2018

CONDENSED STATEMENT OF OPERATI5

CONDENSED STATEMENT OF OPERATIONS (Parenthetical)	3 Months Ended
	Mar. 31, 2018shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	21,832,417

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS	3 Months Ended
	Mar. 31, 2018USD ($)
Cash Flows from Operating Activities:
Net income	$ 167,835
Adjustments to reconcile net income to net cash provided by operating activities:
Interest earned on investments and marketable securities held in Trust Account	(865,822)
Changes in operating assets and liabilities:
Prepaid expenses	(28,359)
Accounts payable	1,903,995
Accrued expenses	(415,181)
Income tax payable	172,365
Franchise tax payable	45,000
Net cash provided by operating activities	979,833
Cash Flows from Investing Activities
Interest released from Trust Account	147,484
Net cash provided by investing activities	147,484
Cash Flows from Financing Activities:
Net increase in cash	1,127,317
Cash - beginning of the period	828,555
Cash - end of the period	1,955,872
Supplemental disclosure of noncash investing and financing activities:
Change in value of Class A ordinary shares subject to possible redemption	$ 167,830

Description of Organization and

Description of Organization and Business Operations	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Industrea Acquisition Corp. (the “Company”) was incorporated in Delaware on April 7, 2017. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on manufacturing and service companies in the industrial sector. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of March 31, 2018, the Company had not commenced any operations. All activity for the period from April 7, 2017 (date of inception) through March 31, 2018 relates to the Company’s formation, the Initial Public Offering (as defined below), and search for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and marketable securities from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end. The registration statement for the Company’s Initial Public Offering was declared effective on July 26, 2017. On August 1, 2017, the Company consummated its initial public offering (the “Initial Public Offering”) of 23,000,000 3,000,000 10.00 230 13.3 8.05 Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 11,100,000 1.00 11.1 55,500 277,500 277,500 Upon the closing of the Initial Public Offering and Private Placement, $ 234.6 10.20 The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. The Company will provide the holders (the “public stockholders”) of the outstanding shares of its Class A common stock, par value $ 0.0001 5,000,001 Notwithstanding the foregoing, the Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15 The Company’s Sponsor, officers and directors (the “initial stockholders”) have agreed not to propose an amendment to the Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100 The initial stockholders have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the initial stockholders should acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to its deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $ 10.20 Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Liquidity As of March 31, 2018, the Company had approximately $ 2.0 1.3 100,000 173,000 Through March 31, 2018, the Company’s liquidity needs have been satisfied through receipt of a $ 25,000 224,403 Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet the Company's needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 — Significant Accounting Policies The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018. Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $ 250,000 The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet. The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering, which totaled approximately $ 13.3 8.05 The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “ Distinguishing Liabilities from Equity 21,832,417 21,815,963 Net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the periods. An aggregate of 21,832,417 shares of Class A common stock subject to possible redemption at March 31, 2018 have been excluded from the calculation of basic income per common stock since such shares, if redeemed, only participate in their pro rata share of the trust earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering (including the consummation of the over-allotment) and Private Placement to purchase 11,100,000 shares of the Company’s Class A common stock in the calculation of diluted income (loss) per share, since their inclusion would be anti-dilutive under the treasury stock method. The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of March 31, 2018 and December 31, 2017. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties for the three months ended March 31, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Initial Public Offering

Initial Public Offering	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Initial Public Offering [Text Block]	Note 3 — Initial Public Offering On August 1, 2017, the Company sold 23,000,000 3,000,000 10.00 11.50

Private Placement

Private Placement	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Private Placement [Text Block]	Note 4 — Private Placement Concurrently with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 11,100,000 1.00 11.1 11.50 The Sponsor and the Company’s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 5 — Related Party Transactions Founder Shares On April 10, 2017, the Sponsor purchased 5,750,000 0.0001 25,000 28,750 750,000 The initial stockholders have agreed, subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A common stock equals or exceeds $ 12.00 Related Party Loans Prior to the consummation of the Initial Public Offering, the Sponsor loaned the Company an aggregate of $ 224,403 To finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $ 1.5 1.00 Administrative Support Agreement and Officer and Director Compensation The Company has agreed to pay the Sponsor a total of $ 10,000 In addition, the Company has agreed to pay each of the five independent directors $ 50,000 The Company recognized an aggregate of $ 92,500

Commitments & Contingencies

Commitments & Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 6 — Commitments & Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to shares of Class A common stock) pursuant to a registration rights agreement to be signed on or before the date of the prospectus for the Initial Public Offering. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option from July 26, 2017 to purchase up to 3,000,000 The underwriters were entitled to an underwriting discount of $ 0.20 4.6 0.35 8.05 Reimbursement Agreement In February 2018, the Company entered into an expense reimbursement agreement (the “Reimbursement Agreement”) with the sellers of a potential Business Combination target (the “Sellers”). Discussions regarding the proposed transaction were terminated in February 2018. Pursuant to the terms of the Reimbursement Agreement, the Sellers agreed to reimburse the Company for fees incurred, in connection with the transaction, from December 19, 2017 and through the date of termination. During the first quarter of 2018, the Company received $ 1,275,067

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 7 — Stockholders’ Equity Common Stock Class A Common Stock Class B Common Stock Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders except as required by law. The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the initial Business Combination on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the Initial Public Offering and related to the closing of the initial Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of Class B common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the Initial Public Offering plus all shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent warrants issued to the Sponsor or its affiliates upon conversion of loans made to the Company). Holders of Founder Shares may also elect to convert their shares of Class B common stock into an equal number of shares of Class A common stock, subject to adjustment as provided above, at any time. Preferred Stock

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 8 — Fair Value Measurements March 31, 2018 Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,913,372 December 31, 2017 Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,195,034 Approximately $ 4,200 15,600

Significant Accounting Polici15

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018.
Emerging Growth Company [Policy Text Block]	Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $ 250,000
Fair Value of Financial Instruments, Policy [Policy Text Block]	The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Use of Estimates, Policy [Policy Text Block]	The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
Deferred Charges, Policy [Policy Text Block]	Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering, which totaled approximately $ 13.3 8.05
Common Stock Subject to Possible Redemption [Policy Text Block]	The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “ Distinguishing Liabilities from Equity 21,832,417 21,815,963
Earnings Per Share, Policy [Policy Text Block]	Net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the periods. An aggregate of 21,832,417 shares of Class A common stock subject to possible redemption at March 31, 2018 have been excluded from the calculation of basic income per common stock since such shares, if redeemed, only participate in their pro rata share of the trust earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering (including the consummation of the over-allotment) and Private Placement to purchase 11,100,000 shares of the Company’s Class A common stock in the calculation of diluted income (loss) per share, since their inclusion would be anti-dilutive under the treasury stock method.
Income Tax, Policy [Policy Text Block]	The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of March 31, 2018 and December 31, 2017. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties for the three months ended March 31, 2018. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.
New Accounting Pronouncements, Policy [Policy Text Block]	The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	March 31, 2018 Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,913,372 December 31, 2017 Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,195,034

Description of Organization a17

Description of Organization and Business Operations (Details Textual) - USD ($)	Aug. 01, 2017	Aug. 22, 2017	Mar. 31, 2018	Dec. 31, 2017
Sale of Stock, Price Per Share	$ 10.20
Stock Issued During Period, Value, New Issues	$ 230,000,000
Deferred Offering Costs	13,300,000		$ 13,300,000
Proceeds from Issuance or Sale of Equity	$ 234,600,000
Share Price			$ 10.20
Minimum Percentage of Redeem of Shares			15.00%
Percentage of Redeem of Public Shares			100.00%
Cash and Cash Equivalents, at Carrying Value			$ 1,955,872	$ 828,555
Investment Income, Interest			865,822
Interest Expense			100,000
Working Capital			173,000
Proceeds from Issuance of Common Stock			25,000
Proceeds from Related Party Debt			224,403
Minimum [Member]
Net Assets			5,000,001
IPO [Member]
Stock Issued During Period, Shares, New Issues	23,000,000
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	3,000,000
Sale of Stock, Price Per Share	$ 10
Deferred Offering Costs	$ 8,050,000		$ 8,050,000
Private Placement [Member]
Sale of Stock, Price Per Share	$ 1
Proceeds from Issuance of Warrants	$ 11,100,000	$ 277,500
Number Of Warrants Issued	11,100,000	55,500
Aggregate Number Of Warrants Issued		277,500
Common Class A [Member]
Common Stock, Par or Stated Value Per Share			$ 0.0001	$ 0.0001

Significant Accounting Polici18

Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Aug. 01, 2017
Cash, FDIC Insured Amount	$ 250,000
Temporary Equity, Shares Outstanding	21,832,417	21,815,963
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	21,832,417
Deferred Offering Costs	$ 13,300,000		$ 13,300,000
Over-Allotment Option [Member]
Deferred Offering Costs	$ 8,050,000		$ 8,050,000
Common Class A [Member]
Temporary Equity, Shares Outstanding	21,832,417	21,815,963
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,100,000

Initial Public Offering (Detail

Initial Public Offering (Details Textual)	Aug. 01, 2017$ / sharesshares
Sale of Stock, Price Per Share	$ 10.20
IPO [Member]
Stock Issued During Period, Shares, New Issues | shares	23,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues | shares	3,000,000
Sale of Stock, Price Per Share	$ 10

Private Placement (Details Text

Private Placement (Details Textual) - USD ($)	Aug. 01, 2017	Aug. 22, 2017
Sale of Stock, Price Per Share	$ 10.20
Private Placement [Member]
Number Of Warrants Issued	11,100,000	55,500
Sale of Stock, Price Per Share	$ 1
Proceeds from Issuance of Warrants	$ 11,100,000	$ 277,500
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	Apr. 10, 2017	May 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Proceeds from Issuance of Common Stock			$ 25,000
Shares Issued, Price Per Share			$ 12
Notes Payable, Related Parties, Current			$ 224,403
Operating Leases, Rent Expense			10,000
Due to Officers or Stockholders			50,000
Related Party Transaction, Expenses from Transactions with Related Party			92,500
Working Capital Loan [Member]
Long-term Debt, Gross			$ 1,500,000
Debt Instrument, Convertible, Conversion Price			$ 1
Common Class B [Member]
Stock Issued During Period, Shares, New Issues	5,750,000	28,750
Common Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001	$ 0.0001
Proceeds from Issuance of Common Stock	$ 25,000
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation			750,000

Commitments & Contingencies (De

Commitments & Contingencies (Details Textual) - USD ($)	Aug. 01, 2017	Mar. 31, 2018
Deferred Offering Costs	$ 13,300,000	$ 13,300,000
Proceeds from Reimbursement Receivable		1,275,067
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	3,000,000
Underwriting Discount Per Unit	$ 0.20
Payments of Stock Issuance Costs	$ 4,600,000
Deferred Offering Cost Per Unit	$ 0.35
Deferred Offering Costs	$ 8,050,000	$ 8,050,000

Stockholders_ Equity (Details T

Stockholders’ Equity (Details Textual) - $ / shares	Mar. 31, 2018	Dec. 31, 2017	Apr. 10, 2017
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Common Class A [Member]
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	1,167,583	1,184,037
Common Stock, Shares, Outstanding	1,167,583	1,184,037
Temporary Equity, Shares Authorized	21,832,417	21,815,963
Common Class B [Member]
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	5,750,000	5,750,000
Common Stock, Shares, Outstanding	5,750,000	5,750,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 235,913,372	$ 235,195,034

Fair Value Measurements (Deta25

Fair Value Measurements (Details Textual) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Cash	$ 4,200	$ 15,600