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LIQUIDITY AND GOING CONCERN (Details Textual) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Liquidity and Going Concern [Line Items]        
Cash and Cash Equivalents, at Carrying Value, Total $ 519,976 $ 867,422 $ 256,239 $ 1,123,278
Assets Held-in-trust, Current 80,044,350   80,009,479  
Working Capital 2,607,791      
Interest Income, Domestic Deposits 35,694      
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (236,263) $ (255,747)    
Liabilities, Current, Total 3,265,618   $ 2,645,838  
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases 250,000      
Line of Credit Facility, Remaining Borrowing Capacity $ 500,000