CONDENSED STATEMENT OF CASH FLOWS (Unaudited) |
3 Months Ended |
|---|---|
|
Mar. 31, 2016
USD ($)
| |
| Cash flows from operating activities: | |
| Net loss | $ (206,954) |
| Changes in prepaid expenses | (13,659) |
| Changes in state franchise tax accrual | (24,917) |
| Changes in accrued expenses, formation and offering costs | 75,525 |
| Net cash used by operating activities | (170,005) |
| Cash flows from investing activities: | |
| Interest and dividends reinvested in Trust Account | (71,381) |
| Net cash used in investing activities | (71,381) |
| Cash flows from financing activities: | |
| Increase in cash | (241,386) |
| Cash at beginning of period | 790,635 |
| Cash at end of period | 549,249 |
| Supplemental disclosure of non-cash financing activities: | |
| Deferred underwriting compensation | $ 13,125,000 |
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- Definition Deferred underwriting compensation. No definition available.
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- Definition Increase decease in accrued expenses and formation and offering costs. No definition available.
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- Definition Interest and dividends reinvested in Trust Account. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period in the amount of cash payments due to taxing authorities for non-income-related taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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