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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

7. SUBSEQUENT EVENTS

 

On March 31, 2016, the Company entered into a Memorandum of Understanding/Letter of Intent with Logicquest Technology Limited, pursuant to which the Company planned to effect a business combination (the "Transaction"). The Transaction may be effected in one of several different ways, including an asset acquisition, merger of Logicquest Technology Limited and the Company, or a share purchase whereby the Company will purchase the shares of Logicquest Technology Limited from its shareholders for cash and/or for shares of the Company. On July 22, 2016, the Company and Logicquest Technology Limited agreed to extend all the deadlines stipulated in the Letter of Intent, being June 30, 2016, to October 31, 2016. As of the filing date, the Company has not closed on the Transaction.