Subsequent Events (Notes)

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENT

On July 21, 2014, the Company announced the completion of an initial public offering by its subsidiary, 1347 Capital Corp., of 4.0 million units at a price to the public of $10.00 per unit for total gross proceeds of $40.0 million. 1347 Capital Corp. was formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities. Each unit issued in the initial public offering consists of one share of common stock, one right to receive one-tenth of a share of common stock automatically on the consummation of an initial business combination, and one warrant to acquire one-half of one share of common stock at a price of $11.50 per full share of common stock. 1347 Capital has granted the representative of the underwriters a 45-day option to purchase up to 600,000 additional units to cover over-allotments, if any. On July 23, 2014, the Company announced the consummation of the option to purchase an additional 600,000 units that 1347 Capital Corp. had granted to the underwriters for additional gross proceeds of $6.0 million. As a result, 1347 Capital Corp. has issued a total of 4.6 million units in its initial public offering, generating total gross proceeds of $46.0 million. A registration statement relating to these securities was declared effective by the SEC on July 15, 2014.