XML 38 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholder's Equity (Details Narrative) - USD ($)
12 Months Ended
Nov. 11, 2016
Oct. 14, 2016
Sep. 19, 2016
Apr. 23, 2015
Dec. 31, 2017
Dec. 31, 2016
Preferred stock, authorized         1,000,000 1,000,000
Preferred stock, par value (in dollars per share)         $ 0.001 $ 0.001
Preferred stock, issued        
Preferred stock, outstanding        
Common stock, authorized         30,000,000 30,000,000
Common stock, previously authorized         50,000,000  
Common stock, par value (in dollars per share)         $ 0.001 $ 0.001
Number of shares issued, value           $ 50,000,000
Common stock, issued         2,352,922 2,310,710
Common stock, outstanding         2,352,922 2,310,710
Number of shares excludes subject to possible conversion         4,705,821 4,748,033
Founders' shares [Member]            
Number of shares forfeited and cancelled 109,973          
Initial Stockholders [Member]            
Number of shares issued       1,437,500    
Shares price (in dollars per share)       $ 0.02    
Number of shares issued, value       $ 25,000    
Initial Stockholders [Member] | Over-Allotment Option [Member]            
Maximum number of shares forfeiture       187,500    
Description of escrow shares      

(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.

   
Number of units issued   18,607        
Number of units issued, value   $ 186,070        
Underwriters [Member] | Over-Allotment Option [Member]            
Shares price (in dollars per share)   $ 10.00        
Number of units issued   310,109 750,000      
Number of units issued, value   $ 3,101,090        
Underwriters [Member] | $100 Unit Purchase Option [Member]            
Cash receipt         $ 100  
Number of units issued         300,000  
Sale of stock (in dollars per unit)         $ 12.00  
Number of units issued, value         $ 3,600,000  
Expiration period         5 years  
Fair value         $ 2,695,000  
Fair value (in dollars per unit)         $ 8.98  
Expected volatility         149.00%  
Risk-free interest rate         1.22%  
Expected life         5 years  
Underwriters [Member] | $100 Unit Purchase Option [Member] | Demand and "Piggy Back" Registration Rights [Member] | Minimum [Member]            
Expiration period         5 years  
Underwriters [Member] | $100 Unit Purchase Option [Member] | Demand and "Piggy Back" Registration Rights [Member] | Maximum [Member]            
Expiration period         7 years