Income Tax (Tables)
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12 Months Ended |
Dec. 31, 2016 |
| Income Tax [Abstract] |
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| Summary of deferred tax assets |
| | | 12/31/2016 | | | 12/31/2015 | | | 12/31/2014 | | | Deferred tax asset | | | | | | | | | | | Net operating loss carryforward | | $ | 297,723 | | | $ | 105,804 | | | $ | 529 | | | Unrealized loss on securities | | | - | | | | - | | | | - | | | Business combination expenses | | | - | | | | - | | | | - | | | Total deferred tax assets | | | 297,723 | | | | 105,804 | | | | 529 | | | Valuation Allowance | | | (297,723 | ) | | | (105,804 | ) | | | (529 | ) | | Deferred tax asset, net of allowance | | $ | - | | | $ | - | | | $ | - |
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| Summary income tax provision (benefit) |
| | | Year Ended 12/31/16 | | | Year Ended 12/31/15 | | | Year Ended 12/31/14 | | | Federal | | | | | | | | | | | Current | | $ | - | | | $ | - | | | $ | - | | | Deferred | | | (147,797 | ) | | | (89,484 | ) | | | (450 | ) | | State and Local | | | | | | | | | | | | | | Current | | | - | | | | - | | | | - | | | Deferred | | | (44,121 | ) | | | (15,791 | ) | | | (79 | ) | | Change in valuation allowance | | | 191,918 | | | | 105,275 | | | | 529 | | | Income tax provision (benefit) | | $ | - | | | $ | - | | | $ | - |
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| Summary of reconciliation of the statutory tax rate |
| | | Year Ended 12/31/16 | | | Year Ended 12/31/15 | | | Year Ended 12/31/14 | | | Statutory federal income tax rate | | | -34.0 | % | | | -34.0 | % | | | -34.0 | % | | State taxes, net of federal tax benefit | | | -8.6 | % | | | -6.0 | % | | | -6.0 | % | | Change in valuation allowance | | | 42.6 | % | | | 40.0 | % | | | 40.0 | % | | Income tax provision (benefit) | | | 0.0 | % | | | 0.0 | % | | | 0.0 | % |
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