XML 13 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 256,239 $ 1,123,278
Prepaid expenses 62,589 164,151
Total Current Assets 318,828 1,287,429
Cash and securities held in Trust Account 80,009,479 80,005,240
Other assets 1,500 3,300
TOTAL ASSETS 80,329,807 81,295,969
Current Liabilities    
Accounts payable and accrued expenses 2,645,838 85,729
Advance from related party 0 65
Total Current Liabilities 2,645,838 85,794
Deferred underwriting fees 2,800,000 2,800,000
Total Liabilities $ 5,445,838 $ 2,885,794
Commitments and Contingencies
Common stock subject to possible redemption, 6,987,568 and 7,341,017 shares at conversion value as of December 31, 2015 ad 2014, respectively $ 69,883,968 $ 73,410,170
Stockholders' Equity    
Preferred stock, $0.0001 par value; 1,000,000 authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value; 29,000,000 shares authorized; 3,012,432 and 2,658,983 shares issued and outstanding (excluding 6,987,568 and 7,341,017 shares subject to possible redemption) as of December 31, 2015 and 2014, respectively 301 266
Additional paid-in capital 8,667,435 5,141,268
Accumulated deficit (3,667,735) (141,529)
Total Stockholders' Equity 5,000,001 5,000,005
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 80,329,807 $ 81,295,969