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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2015 and 2014, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
 
Description
 
Level
 
December 31,
2015
 
December 31,
2014
 
Assets:
 
 
 
 
 
 
 
 
 
 
Cash and securities held in Trust Account
 
 
1
 
$
80,009,479
 
$
80,005,240