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CONDENSED STATEMENT OF CASH FLOWS (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2014
Cash Flows From Operating Activities:    
Net loss $ (1,186,191) $ (1,271,324)
Adjustments to reconcile net loss to net cash used in operating activities:    
Prepaid insurance 16,382 (112,389)
Accounts payable and accrued expenses 764,968 809,905
Net cash used in operating activities (404,841) (573,808)
Cash Flows from Investing Activities:    
Change in investments held in trust (12,157) (72,823,113)
Cash used in investing activities (12,157) (72,823,113)
Cash Flows from Financing Activities:    
Proceeds from note payable to related party 183,158 263,263
Payment of underwriting fees 0 (2,070,000)
Proceeds from sale of shares to Sponsor 0 25,000
Proceeds from public offering 0 69,000,000
Proceeds from private placement 0 7,215,000
Payment of offering costs 0 (442,641)
Net cash provided by financing activities 183,158 73,990,622
Increase (decrease) in cash (233,840) 593,701
Cash at beginning of period 827,541 0
Cash at end of period 593,701 593,701
Supplemental Disclosure of Non-Cash Financing Activities:    
Deferred underwriters' fee $ 1,897,500 $ 1,897,500