XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 196,517 $ 23,865
Prepaid expenses 58,984 20,415
Total current assets: 255,501 44,280
Cash, cash equivalents and securities held in Trust 112,865,059 117,507,609
Total assets: 113,120,560 117,551,889
Current Liabilities    
Accounts Payable 372,495 130,900
Total current liabilities: 372,495 130,900
Deferred Underwriters Fee 4,325,000 4,325,000
Note payable 110,047
Notes payable to stockholders 522,572 60,000
Total liabilities 5,330,114 4,515,900
Commitments
Common Stock, subject to possible conversion (10,022,361 and 10,573,050 shares at conversion value) as of March 31, 2017 and December 31, 2016 respectively. 102,790,445 108,035,987
Stockholders' equity    
Preferred stock, $.0001 par value, 1,000,000 authorized, 0 outstanding
Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,567,054 issued and outstanding at March 31, 2017 and 4,511,700 at December 31, 2016 (excluding 10,022,361 and 10,573,050 respectively that are shares subject to possible conversion at March 31, 2017 and December 31, 2016). 457 451
Additional paid-in capital 5,880,964 5,698,759
Accumulated deficit (881,420) (699,208)
Total stockholders' equity 5,000,001 5,000,002
Total liabilities and stockholders' equity $ 113,120,560 $ 117,551,889