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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 226,141 $ 410,261
Prepaid insurance 20,000 44,884
Total current assets 246,141 455,145
Cash and investments held in Trust Account 63,913,876 72,833,815
Total assets 64,160,017 73,288,960
Current liabilities:    
Accounts payable and accrued expenses 2,345,862 257,575
Convertible promissory note to affiliate 2,607,053 1,263,263
Due to affiliate 1,464,876 248,536
Total current liabilities 6,417,791 1,769,374
Deferred underwriters' fees 1,897,500 1,897,500
Total liabilities 8,315,291 3,666,874
Common stock subject to possible redemption: 4,792,150 shares (at redemption value) at September 30, 2015 (6,125,315 shares at December 31, 2014) 50,844,725 64,622,085
Stockholders' equity    
Common stock, $.0001 par value, 100,000,000 shares authorized; 3,956,503 and 3,499,410 shares issued and outstanding (excluding 4,792,150 and 6,125,315 shares subject to possible redemption) at September 30, 2015 and December 31, 2014, respectively 396 350
Additional paid-in capital 11,742,179 7,207,424
Accumulated deficit (6,742,574) (2,207,773)
Total stockholders’ equity 5,000,001 5,000,001
Total liabilities and stockholders’ equity $ 64,160,017 $ 73,288,960