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Condensed Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 218,358 $ 256,239
Prepaid expenses 23,750 62,589
Total Current Assets 242,108 318,828
Cash and marketable securities held in Trust Account 80,017,988 80,009,479
Other assets 150 1,500
TOTAL ASSETS 80,260,246 80,329,807
Current Liabilities    
Accounts payable and accrued expenses 3,777,991 2,645,838
Convertible promissory notes - related parties 500,000 0
Promissory notes - related parties 200,000 0
Total Current Liabilities 4,477,991 2,645,838
Deferred underwriting fees 2,800,000 2,800,000
Total Liabilities 7,277,991 5,445,838
Commitments and Contingencies
Common stock subject to possible redemption, 6,796,697 and 6,987,568 shares at conversion value as of September 30, 2016 ad December 31, 2015, respectively 67,982,254 69,883,968
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; 3,203,303 and 3,012,432 shares issued and outstanding (excluding 6,796,697 and 6,987,568 shares subject to possible redemption) as of September 30, 2016 and December 31, 2015, respectively 320 301
Additional paid-in capital 10,569,130 8,667,435
Accumulated deficit (5,569,449) (3,667,735)
Total Stockholders' Equity 5,000,001 5,000,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 80,260,246 $ 80,329,807