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Note Payable to Stockholder

6 Months Ended

Jun. 30, 2016

Notes Payable [Abstract]

Note Payable To Stockholder [Text Block]

Note 5 — Note Payable to Stockholder

The Company issued a $125,000 principal amount unsecured promissory note to 1347 Investors LLC, the sponsor and holder of Insider Shares, on April 17, 2014. The note is non-interest bearing and payable no later than the date of the consummation of an initial Business Combination. Due to the short-term nature of the note, the fair value of the note approximates the carrying amount.

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- Definition

The entire disclosure for notes payable to stockholder.

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No definition available.

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No definition available.

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