Balance Sheets - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 23,865
|
$ 324,991
|
| Prepaid expenses |
20,415
|
46,687
|
| Total current assets: |
44,280
|
371,678
|
| Cash, cash equivalents and securities held in Trust |
117,507,609
|
117,374,895
|
| Prepaid expenses - long term |
|
66,373
|
| Total assets: |
117,551,889
|
117,812,946
|
| Current Liabilities |
|
|
| Accounts Payable |
130,900
|
17,259
|
| Total current liabilities: |
130,900
|
17,259
|
| Deferred Underwriters Fee |
4,325,000
|
4,325,000
|
| Note payable to stockholder |
60,000
|
|
| Total liabilities |
4,515,900
|
4,342,259
|
| Commitments |
|
|
| Common Stock, subject to possible conversion (10,573,050 and 10,585,784 shares at conversion value) as of December 31, 2016 and December 31, 2015 respectively. |
108,035,987
|
108,043,938
|
| Stockholders' equity |
|
|
| Preferred stock, $.0001 par value, 1,000,000 authorized, 0 outstanding |
|
|
| Common stock, $.0001 par value; Authorized 27,500,000 shares, 4,511,700 issued and outstanding at December 31, 2016 and 4,498,966 at December 31, 2015 (excluding 10,573,050 and 10,585,784 respectively that are shares subject to possible conversion at December 31, 2016 and December 31, 2015). |
451
|
450
|
| Additional paid-in capital |
5,698,759
|
5,690,809
|
| Accumulated deficit |
(699,208)
|
(264,510)
|
| Total stockholders' equity |
5,000,002
|
5,426,749
|
| Total liabilities and stockholders' equity |
$ 117,551,889
|
$ 117,812,946
|