| Summary of quarterly results of operations |
| | | For the three months ended March 31,
2016 | | | For the three months ended June 30,
2016 | | | For the three months ended September 30,
2016 | | | For the three months ended December 31,
2016 | | | Operating costs | | $ | (477,521 | ) | | $ | (319,989 | ) | | $ | (366,322 | ) | | $ | (327,352 | ) | | Loss from operations | | $ | (477,521 | ) | | $ | (319,989 | ) | | $ | (366,322 | ) | | $ | (327,352 | ) | | Interest income | | $ | 132,167 | | | $ | 225,337 | | | $ | 218,239 | | | $ | 262,207 | | | Net loss | | $ | (345,354 | ) | | $ | (94,652 | ) | | $ | (148,083 | ) | | $ | (65,145 | ) | | Weighted average number of common shares outstanding, excluding shares subjected to possible conversions-basic and diluted | | | 9,680,095 | | | | 9,729,607 | | | | 9,748,052 | | | | 9,783,543 | | | Basic and diluted net income (loss) per Share | | $ | (0.04 | ) | | $ | (0.01 | ) | | $ | (0.02 | ) | | $ | (0.01 | ) |
| | | Period from July 13, 2015 (inception) through September 30, 2015 | | | For the three months ended December 31, 2015 | | | Formation and operating costs | | $ | (983 | ) | | $ | (141,001 | ) | | Loss from operations | | | (983 | ) | | | (141,001 | ) | | Interest income | | | - | | | | 25,479 | | | Net loss | | $ | (983 | ) | | $ | (115,522 | ) | | Weighted average number of common shares outstanding, excluding shares subjected to possible conversions-basic and diluted | | | 8,750,000 | | | | 8,433,123 | | | Basic and diluted net income (loss) per Share | | $ | - | | | $ | (0.01 | ) |
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