XML 35 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Details Narrative) - USD ($)
4 Months Ended 9 Months Ended
Aug. 22, 2017
Aug. 21, 2017
Aug. 16, 2017
Aug. 14, 2017
Aug. 14, 2017
May 30, 2017
Jun. 09, 2016
Sep. 30, 2016
Sep. 30, 2017
Dec. 31, 2016
Preferred stock, authorized                 1,000,000 1,000,000
Preferred stock, par value (in dollars per share)                 $ 0.0001 $ 0.0001
Preferred stock, issued                 0  
Preferred stock, outstanding                 0  
Common stock, authorized                 30,000,000 30,000,000
Common stock, par value (in dollars per share)                 $ 0.0001 $ 0.0001
Number of common stock issued           1,150,000 1,150,000      
Value of shares issued           $ 25,000 $ 25,000      
Share price (in dollars per share)           $ 0.02 $ 0.02      
Description of offerring          

(1) with respect to 50% of the shares, the earlier of six months after the date of the consummation of an initial Business Combination and the date on which the closing price of the Company’s common stock equals or exceeds $12.50 per share (as adjusted for share splits, share dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination and (2) with respect to the remaining 50% of the insider shares, six months after the date of the consummation of an initial Business Combination, or earlier, in either case, if, subsequent to an initial Business Combination, the Company consummates a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares for cash, securities or other property.

       
Common stock, issued                 1,977,564 1,150,000 [1]
Common stock, outstanding                 1,977,564 1,150,000 [1]
Gross proceeds from offering               $ 40,000,000  
Common stocks subject to possible conversion, redemption                 3,894,933 0
Over-Allotment Option [Member] | Underwriter [Member]                    
Number of unit issued   21,250 425,000              
Gross proceeds from offering   $ 212,500 $ 4,250,000              
Number of shares forfeiture 43,753               150,000  
Over-Allotment Option [Member] | Company's shareholders & Chardan Capital Markets, LLC [Member]                    
Number of unit issued       21,250            
Public Offering [Member]                    
Number of unit issued       4,000,000 4,000,000          
Unit price (in dollars per share)       $ 10.00 $ 10.00          
Private Placement [Member]                    
Number of unit issued                 250,000  
Private Placement [Member] | Company's shareholders & Chardan Capital Markets, LLC [Member]                    
Number of unit issued       320,000            
Unit price (in dollars per share)       $ 10.00 $ 10.00          
[1] This number includes an aggregate of up to 150,000 shares of common stock that were subject to forfeiture if the over-allotment option was not exercised in full by the underwriters. An aggregate of 43,753 shares of common stock were cancelled after partial exercise of the overallotment option by the underwriters.